I have just recorded a liquidation for TRUMP at a value of $2.1435 thousand at a price of $4.266. I have noticed the exit of weak longs from the market and a slowdown in price movement. These "reset" operations usually lead to cleaning up the market structure. I am waiting for confirmation from the price movement of $TRUMP.
Trading Plan (clear and confident)
Entry Point (EP): 4.30
First Target (TP1): 4.55
Second Target (TP2): 4.95
Third Target (TP3): 5.50
Stop Loss (SL): 4.05
Why is this trade strong?
Excess long positions have been removed, selling pressure has eased, and the path upward is open if buyer activity continues. I will manage the risks and let the movement $TRUMP lead the trade.
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