TRUMP just went vertical on the 15m chart 🚀
If you weren't watching the screen, you missed a wild move. $TRUMP PUSDT just shot up from around 1.60 straight to 1.777 in a matter of hours. It’s currently sitting at 1.727, up almost 9% on the day.
Looking at the 15m chart, the moving averages are completely fanned out to the upside. The 7 MA is acting as immediate support right now at 1.725, but the MACD histogram is starting to print smaller green bars. That usually means the initial hype is cooling off and a pullback or consolidation is coming.
Here is my suggested trade idea:
🚫 Don't chase the green. Buying right here at the top of a vertical candle is how you get trapped.
✅ The Long Play: I am waiting for a pullback. If the price drops to the 25 MA around 1.638 - 1.650 and holds, that’s a solid spot to look for a long. It gives you a tight stop-loss below the 99 MA (1.597) and a potential run back up to the highs.
· Take Profit: 1.75 and 1.777 (the recent high).
⚠️ The Short Play: If price breaks below the 7 MA (1.725) and starts rejecting, you could scalp a short down to the 25 MA. But be careful, momentum is still bullish right now, so shorting a pumping coin is risky.
Right now, it looks like it needs a breather. I'm keeping my hands off until it decides whether it wants to hold this 1.70-1.72 area.
Where are you guys getting in? Or are you just watching the chaos? 👇
$BTC $ETH
#TRUMP #Crypto #BinanceFutures #altcoins #trading
If you weren't watching the screen, you missed a wild move. $TRUMP PUSDT just shot up from around 1.60 straight to 1.777 in a matter of hours. It’s currently sitting at 1.727, up almost 9% on the day.
Looking at the 15m chart, the moving averages are completely fanned out to the upside. The 7 MA is acting as immediate support right now at 1.725, but the MACD histogram is starting to print smaller green bars. That usually means the initial hype is cooling off and a pullback or consolidation is coming.
Here is my suggested trade idea:
🚫 Don't chase the green. Buying right here at the top of a vertical candle is how you get trapped.
✅ The Long Play: I am waiting for a pullback. If the price drops to the 25 MA around 1.638 - 1.650 and holds, that’s a solid spot to look for a long. It gives you a tight stop-loss below the 99 MA (1.597) and a potential run back up to the highs.
· Take Profit: 1.75 and 1.777 (the recent high).
⚠️ The Short Play: If price breaks below the 7 MA (1.725) and starts rejecting, you could scalp a short down to the 25 MA. But be careful, momentum is still bullish right now, so shorting a pumping coin is risky.
Right now, it looks like it needs a breather. I'm keeping my hands off until it decides whether it wants to hold this 1.70-1.72 area.
Where are you guys getting in? Or are you just watching the chaos? 👇
$BTC $ETH
#TRUMP #Crypto #BinanceFutures #altcoins #trading
