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$TRUMP is preparing to go long.
Right now, the price action is only taking a breather at the support level. The bulls may be recharging their momentum and preparing to push toward the previous high again. For entry, you can watch the 1.567 to 1.607 area. For targets, first look at the 1.6550 to 1.7094 range. Downside buy-side pressure is still there—also, you can take a look at $BROCCOLIF3B and $UAI .
But don’t go in too aggressively—be mindful of risk. If the 1.6000 support level fails to hold, the bullish thesis may no longer work, and it will most likely retrace to deeper levels for a retest. The defense level can be set around 1.520. Everyone should manage position sizing based on your own account situation—don’t bet everything in one go.