๐จ $TRUMP ALERT: Dead Cat Bounce or Trend Reversal? ๐จ
Crypto fam, let's look at the 15m chart for $TRUMP /USDT. This coin has been bleeding heavily, but we might have a short-term opportunity! ๐
Here is the CryptoSensei Breakdown:
๐น Price is currently at 1.134, still trading below the 1H MA60 at 1.136. The overall trend is heavily bearish.
๐น Look at the long-term numbers: -85% in 1 Year and -52% in 180 Days. The macro trend is brutal, so we only play this for short-term scalps.
๐น However, the Order Book has flipped! Buyers are now in control with 54.20% Bids vs 45.80% Asks. We are seeing a bounce off the 1.128 support.
๐น Volume is starting to pick up on the green candles, showing buyers are stepping in.
My Trade Setup:
I am taking a LONG scalp here, but this is a quick trade. I am targeting a move back up to the MA60 resistance.
๐ Stop Loss: 1.128 (If we lose this support, it's over).
๐ฏ Targets: 1.136 โก๏ธ 1.142
โ ๏ธ Note: This is a falling knife. Do NOT hold long-term. Take profits quickly and move your stop loss to breakeven once we hit the first target!
๐ Click the $TRUMP tag below to trade on Binance and catch this bounce! Are you buying this dip or fading the rally? Let me know in the comments! ๐ฌ
Crypto fam, let's look at the 15m chart for $TRUMP /USDT. This coin has been bleeding heavily, but we might have a short-term opportunity! ๐
Here is the CryptoSensei Breakdown:
๐น Price is currently at 1.134, still trading below the 1H MA60 at 1.136. The overall trend is heavily bearish.
๐น Look at the long-term numbers: -85% in 1 Year and -52% in 180 Days. The macro trend is brutal, so we only play this for short-term scalps.
๐น However, the Order Book has flipped! Buyers are now in control with 54.20% Bids vs 45.80% Asks. We are seeing a bounce off the 1.128 support.
๐น Volume is starting to pick up on the green candles, showing buyers are stepping in.
My Trade Setup:
I am taking a LONG scalp here, but this is a quick trade. I am targeting a move back up to the MA60 resistance.
๐ Stop Loss: 1.128 (If we lose this support, it's over).
๐ฏ Targets: 1.136 โก๏ธ 1.142
โ ๏ธ Note: This is a falling knife. Do NOT hold long-term. Take profits quickly and move your stop loss to breakeven once we hit the first target!
๐ Click the $TRUMP tag below to trade on Binance and catch this bounce! Are you buying this dip or fading the rally? Let me know in the comments! ๐ฌ
