TRUMP/USDT 15m: Bulls Charge Towards $62.5 !
TRUMP/USDT 15m Chart Analysis
Current Price: $39.40
Market Structure:
Smart Money Concepts (SMC):
Trade Setup (Confidence: 8/10):
Market Maker Activity:
Notes:
Current Price: $39.40
Market Structure:
- Breaking out of consolidation with bullish momentum.
- Strength observed after bouncing from the discount zone ($32.5).
Smart Money Concepts (SMC):
- Order Block (OB): Key level at $37.5 (recent support).
- Premium Zone: Identified at $62.5 (potential distribution target).
- ChoCH Pattern: Breakout confirms bullish intent.
Trade Setup (Confidence: 8/10):
- Entry: $39.5-$40.5 zone
- Targets:
- T1: $45
- T2: $52.5
- T3: $62.5
- Stop Loss: Below $36.5 (to mitigate risk).
- Risk/Reward: Favorable with moderate risk (6/10).
Market Maker Activity:
- Accumulation evident at discount zone ($32.5), indicating potential markup.
- Likely targeting premium zone for profit-taking.
Notes:
- Hidden bullish divergence supports the bullish continuation.
- Volume confirms the breakout structure; monitor for sustained buy interest.
- Recommendation: Long position with tight risk management.
- Confidence Level: 8/10 for bullish continuation.
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.