Long

Fast-Paced Setup on TRUMPOFUSD

In the 15-minute timeframe, with limited historical data and influenced by market FOMO, TRUMPOFUSD presents a potential short-term trading opportunity.

Key Points:
- The price is approaching a breakout of the EMA Ribbon, which is showing early signs of bullish alignment.
- A solid support level is established at $32, providing a foundation for potential upward movement.
- The Signal Builder has generated bullish signals, adding confluence to the bullish bias.
- Awaiting a break of the descending trendline as confirmation for upward momentum.

Trade Plan:
- Entry: $34.50 (after a trendline breakout and retest).
- Stop Loss: $29 (below the support zone).
- Target Profit (TP): $52 (key resistance area).
- Risk-to-Reward Ratio: 1:3.

This setup provides a structured short-term trade with a favorable risk-to-reward ratio. Confirmation of the breakout is crucial before executing the trade.
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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.

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