🟢 TRUMP 4H Setup: Breakout-Pullback LONG
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📊 Bias: Bullish pullback. TRUMP trades near 1.674 (+6.2% 24H) after breaking out of the 1.57-1.61 range with a spike to 1.778. Price now holds above EMA20 1.629 and EMA50 1.656, with EMA200 overhead at 1.793.
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🧱 Support: 1.640-1.655, 1.610, 1.586
🚧 Resistance: 1.726, 1.778, 1.793-1.829
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🎯 Plan (LONG)
Entry: 1.640-1.655
Stop loss: 1.595
TP1: 1.726
TP2: 1.778
TP3: 1.829
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🧠 Why: The Nov 1 breakout cleared a week-long base, and the first dip found buyers at 1.652. A retest of the EMA20/50 zone is the cleaner entry than chasing.
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⚠️ Risk: A 4H close back under 1.595 puts price inside the old range and voids the setup. Keep size small.
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Not financial advice. DYOR.
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