TRUMP/USDT 15m: Bulls Charge Towards $62.5 !

TRUMP/USDT 15m Chart Analysis

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.