🚨 $TRUMP ALERT: Dead Cat Bounce or Trend Reversal? 🚨
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! 👇
Here is the CryptoSensei Breakdown:
🔹 Price is currently at 1.134, still trading below the 1H MA60 at 1.136. The overall trend is heavily bearish.
🔹 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.
🔹 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.
🔹 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.
🛑 Stop Loss: 1.128 (If we lose this support, it's over).
🎯 Targets: 1.136 ➡️ 1.142
⚠️ 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!
👇 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! 💬
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! 👇
Here is the CryptoSensei Breakdown:
🔹 Price is currently at 1.134, still trading below the 1H MA60 at 1.136. The overall trend is heavily bearish.
🔹 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.
🔹 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.
🔹 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.
🛑 Stop Loss: 1.128 (If we lose this support, it's over).
🎯 Targets: 1.136 ➡️ 1.142
⚠️ 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!
👇 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! 💬
