TRUMPUSDT is showing a strong technical setup on the 8H timeframe, with bullish confirmation from both momentum and pattern breakout.
✅ Key Technical Signals:
RSI 50 Bounce: Price recently bounced off the RSI 50 midline, a classic sign of a continuation of bullish momentum.
Symmetrical Triangle Breakout: We've broken out above the triangle resistance, suggesting a potential trend reversal or continuation to the upside.
📈 Trade Setup:
Entry: On confirmed triangle breakout.
Stop Loss: Just below recent structure at 13 USDT — the price before breakout confirmation.
Take Profit Targets (Fibonacci Levels):
🎯 TP1 – 0.236 Fib: 24.260 USDT
🎯 TP2 – 0.382 Fib: 34.854 USDT
🎯 TP3 – 0.5 Fib: 43.905 USDT
🎯 TP4 – 0.618 Fib: 52.956 USDT
🎯 TP5 – 0.786 Fib: 65.371 USDT
⚠️ Always use proper risk management. Not financial advice – DYOR.
✅ Key Technical Signals:
RSI 50 Bounce: Price recently bounced off the RSI 50 midline, a classic sign of a continuation of bullish momentum.
Symmetrical Triangle Breakout: We've broken out above the triangle resistance, suggesting a potential trend reversal or continuation to the upside.
📈 Trade Setup:
Entry: On confirmed triangle breakout.
Stop Loss: Just below recent structure at 13 USDT — the price before breakout confirmation.
Take Profit Targets (Fibonacci Levels):
🎯 TP1 – 0.236 Fib: 24.260 USDT
🎯 TP2 – 0.382 Fib: 34.854 USDT
🎯 TP3 – 0.5 Fib: 43.905 USDT
🎯 TP4 – 0.618 Fib: 52.956 USDT
🎯 TP5 – 0.786 Fib: 65.371 USDT
⚠️ Always use proper risk management. Not financial advice – DYOR.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.