To $TRUMP or not to $TRUMP - ROUND III think the motorcade is leaving, ladies and gentlemen.
In this video, I take a detailed look at Trump meme coin COINBASE:TRUMPUSD and analyze its recent price action using multiple timeframes and technical indicators. While the charts are currently giving mixed signals, there are some bullish structures that stand out. My main focus is on Bollinger Bands, historical support/resistance levels, and key liquidity areas. I discuss the importance of watching price interaction within these zones and outline potential upside targets while maintaining a cautious approach.
Currently, I’m in a position at $18.88, watching for confirmation that the price will move back into the higher liquidity range. Based on technical patterns, I see $26-$28 as reasonable upside targets, with potential for a stronger breakout if momentum continues. However, I also outline conditions for failure, emphasizing that any significant downside movement could invalidate the setup.
Key Market Observations & Trade Setup
🔹 Trump Meme Coin COINBASE:TRUMPUSD
Position entered: $18.88
Current market structure: Mixed signals across timeframes
Key technical observations:
Interaction with Bollinger Bands suggests a potential move upward.
Strong support boundary tested twice, confirming a key level.
Price needs to re-enter higher liquidity zones for confirmation.
🔹 Bullish Case & Target Zones
First upside target: $26 (safe exit zone).
Primary target: $28 (historical liquidity shelf).
Stronger momentum scenario: If price clears $30, it could extend to $34.
🔹 Conditions for Caution
Mixed signals across different timeframes.
If price struggles to hold support, downside movement could invalidate the setup.
Trading needs to be reassessed on approach to key resistance areas.
Final Thoughts
This trade hinges on how price interacts with liquidity levels and Bollinger Bands in the next few sessions. While a push to $26-$28 looks probable, I’ll be closely watching for momentum confirmation before considering extended targets. As always, stay flexible and manage risk accordingly.
