I am currently holding $TRUMP with an entry at 2.077 and wanted to share my perspective on the chart.
After the recent explosive move up to 2.225, we have seen a healthy pullback as the RSI cooled down from extreme overbought levels. The price is currently hovering right around the 2.08 zone, which is critical because it is testing support near the 21 and 44 EMAs on the 5-minute timeframe. As long as we hold above these EMA levels, the short-term trend remains in my favor.
I am looking for the momentum to pick back up as the volume stabilizes. I am playing this for a modest target to ride the next leg up while keeping my stop loss tight to protect my capital in this volatile market.
Entry: 2.077 (Already in)
Take Profit: 2.20
Stop Loss: 1.95
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Disclaimer: Trading crypto involves high risk and this is not financial advice.