🔥 Market Overview: Trend: TRUMP/USD is in a downtrend, consolidating below the 200 EMA, with limited bullish momentum. Key Levels: Resistance: $17.05 – The 200 EMA acting as a strong resistance. Support: $16.60 – Holding price from further decline. Indicators: EMA 200: Price remains below, confirming bearish dominance. MACD: Bearish, with slight divergence indicating possible consolidation. RSI: 46.70 – Neutral, but leaning toward oversold territory. 🔥 Scalping Strategy (Expanded Targets) 🩸 1. Range Scalping
Long entries near: $16.60 with stop-loss at $16.50. Exit at: $17.05 resistance. 🩸 3. Breakout Scalping
If TRUMP/USD breaks above $17.05, go long toward $17.50 – $18.00. If TRUMP/USD drops below $16.50, short toward $16.00. 🔥 Mid-Term Trend Forecast (1-3 Weeks): If TRUMP/USD holds above $16.60, expect a retest of $17.05+. A break below $16.50 opens the door for further decline to $16.00 or lower. 🔥 News & Market Context: TRUMP/USD is down -61.86% in the last month, indicating a lack of sustained demand. No strong bullish catalysts present at the moment. Low trading volume suggests whales are not accumulating aggressively. 🔥 Decision: 🩸 Short-term: Favor range scalping between $16.60 – $17.05. 🩸 Mid-term: A breakout above $17.05 would signal a potential reversal. 🩸 Ideal Play: Buy near $16.60, sell near $17.05, or short below $16.50.
👑 Final Verdict: TRUMP/USD remains weak below $17.05. Until bulls reclaim this level, range scalping is the best strategy. If it breaks below $16.50, further downside is likely.
🔥 "In the battlefield of trading, hesitation is a weakness. Move with precision, or be swept away." 👑
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