Trump Media & Technology (DJT) - Edition #1
Macro Outlook 🚀 Bullish 🚀
- With Trump’s failed assassination attempt and now iconic photo of him with his fist raised up post shooting, now an iconic photo for history, it looks like the Republicans will remain in the lead. Anticipating Trump’s next election win and taking into account that markets move through hype, why not add exposure to $DJT?
- Prices have been consolidating from 2022 - 2023 and this year it finally broke above the consolidation phase signaling bullish strength.
- Yes, after an almost 400% pump this year, price has retraced to previous highs but DO NOT be scared as this is a completely normal correction and might be the best risk reward entry to the market.
Short term 🚀 Bullish 🚀
- Everything’s starting to align. From a macro perspective we’ve retraced to a key support and resistance level and short term price action have been making higher lows and now finally made a higher high with bullish market structure break signaling bulls are back.
Entry, ideal long from around $33 - $29.
- There is a huge fair value gap from the 13th, day of she Trump shooting. This fvg usually tends to get filled before continuation.
Stop at previous higher low of $28.
- If bulls are in control, price should not drop below this level.
First target at around $56
DOLLAR COST AVERGE YOUR WAY IN
Disclaimer
Not financial or tax advice. Zelf Trade is not a financial institution. No content on this Newsletter is financial, accounting, legal or tax advice. Zelf Trade content is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.
