That TRUMP wick down to 2.21 was aggressive.
Despite the -13.3% daily candle, buyers stepped in right above the 50-day EMA at 2.25. Price is now chopping around the 20-day at 2.40 on $168M of volume.
This is the definition of a support test. The 7-day run from 1.37 isn't dead until we see a sustained break below that 2.25 level. For now, it's just noise.
Buying this dip, or is it exit liquidity?
$TRUMP
Despite the -13.3% daily candle, buyers stepped in right above the 50-day EMA at 2.25. Price is now chopping around the 20-day at 2.40 on $168M of volume.
This is the definition of a support test. The 7-day run from 1.37 isn't dead until we see a sustained break below that 2.25 level. For now, it's just noise.
Buying this dip, or is it exit liquidity?
$TRUMP