$TRUMP Potential Next Move:
. Bullish Scenario:
If the price breaks above the $42.50 resistance (next visible ceiling), it could move higher toward the previous peak around $48.00. This would suggest a good buying opportunity if momentum strengthens.
. Bearish Scenario:
If the price falls below $40.00 (support), it could retest the lower levels around $37.50 or even $35.00. Avoid buying in such a case.
Suggested Approach:
• Wait for Confirmation: Look for a strong breakout above $42.50 with increased volume before buying.
• Set Stop-Loss: Place a stop-loss below the $40.00 level to manage risk.
• Entry Strategy: Enter cautiously after confirming an uptrend with higher highs and higher lows.
Parabolic SAR (Yellow Dots):
The SAR dots are close to the candles, suggesting a possible shift in momentum soon.
MACD:
• MACD line is close to crossing the signal line upward, which is usually a bullish indicator.
• Momentum is weak, so confirmation of a breakout is needed before entering a trade.
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. Bullish Scenario:
If the price breaks above the $42.50 resistance (next visible ceiling), it could move higher toward the previous peak around $48.00. This would suggest a good buying opportunity if momentum strengthens.
. Bearish Scenario:
If the price falls below $40.00 (support), it could retest the lower levels around $37.50 or even $35.00. Avoid buying in such a case.
Suggested Approach:
• Wait for Confirmation: Look for a strong breakout above $42.50 with increased volume before buying.
• Set Stop-Loss: Place a stop-loss below the $40.00 level to manage risk.
• Entry Strategy: Enter cautiously after confirming an uptrend with higher highs and higher lows.
Parabolic SAR (Yellow Dots):
The SAR dots are close to the candles, suggesting a possible shift in momentum soon.
MACD:
• MACD line is close to crossing the signal line upward, which is usually a bullish indicator.
• Momentum is weak, so confirmation of a breakout is needed before entering a trade.
Follow & share for more information thank you
