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TRUMPOFUSD trade ideas

TRUMP - Post Inauguration Chart*Please not this is an extremely volatile token and everything mentioned in this post is highly speculative* There is a lot of hype currently around Trump coin. We only have a few days of charting data so no telling how accurate the TA may be, but wanted to at least lay out what I currently see in the charts. The first thing to note is the key $30 level. This was a level of old resistance that so far has been acting as a level of new support. The second thing to note is our black trendline. This was a level of old resistance that held price down all the way from $70 to $30. Recently we just had a breakout of this trendline and could see continuation the the upside. I have listed all potential fib targets to the upside if we do see price appreciation from these levels. The first technical target is $54 followed by our $58 0.618. The main target would be the 1.618 around $106, so a brief break above $100 is most likely as high as it goes in my opinion. Again this coin could go to $0 any minute, but the speculation that could go along with my analysis is that Trump could start signing EO related to crypto. If that happens most likely the entire crypto market starts pumping and with that we should theoretically see Trump coin start appreciating at a rapid pace. Stay safe out there, but hopefully this chart can provide some clarity.
CRYPTO:TRUMPOFUSD
by VIAQUANT
[Bullish] TRUMP is showing clear Elliott WavesKRAKEN:TRUMPUSD has been in news so it caught my attention. It shown clean EW structure so far. 5 wave impulse up followed by corrective phase which is either WXY (double zig zag) or potentially WXYXZ (triple zig zag). I have marked the second X with a question mark since it's still not clear if the correction is over. Having said that, once this correction (WXY or WXYXZ) is over and the low of wave 1 is not broken then we can expect another 5 wave impulse up which should break above the wave 1 high.
KRAKEN:TRUMPUSDLong
by YetAnotherTA
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. _________________________________________________________________ The information and publications within the 3Commas TradingView account are not meant to be and do not constitute financial, investment, trading, or other types of advice or recommendations supplied or endorsed by 3Commas and any of the parties acting on behalf of 3Commas, including its employees, contractors, ambassadors, etc.
CRYPTO:TRUMPOFUSDLong
by 3Commas