$TRUMP has made a sharp expansion on the 1- hour chart, breaking decisively out of the previous range around $2.00 and pushing as high as roughly $3.65. After that aggressive move, price has started cooling off, with sellers appearing around the $3.00-$3.50 area.
The key area to watch now is the demand zone around $2.20-$2.60. A controlled pullback into this region could give buyers a chance to rebuild momentum, especially if the zone produces a clear rejection or bullish structure. Losing it, however, would weaken the current setup and expose lower levels.
At the moment, $TRUMP is sitting above that demand while consolidating after the vertical rally. If buyers reclaim $3.10-$3.20 and start holding above it, the next test could come around $3.50, followed by the recent spike high near $3.65. A clean break of that high would signal another potential expansion.
The main risk is chasing the move after such a large 1-hour impulse. A deeper retracement into the marked demand zone would provide a much healthier structure than entering in the middle of current range. As long as $2.20-$2.60 holds, bullish setup remains intact, but a decisive breakdown would invalidate the immediate upside roadmap.
#TRUMP
The key area to watch now is the demand zone around $2.20-$2.60. A controlled pullback into this region could give buyers a chance to rebuild momentum, especially if the zone produces a clear rejection or bullish structure. Losing it, however, would weaken the current setup and expose lower levels.
At the moment, $TRUMP is sitting above that demand while consolidating after the vertical rally. If buyers reclaim $3.10-$3.20 and start holding above it, the next test could come around $3.50, followed by the recent spike high near $3.65. A clean break of that high would signal another potential expansion.
The main risk is chasing the move after such a large 1-hour impulse. A deeper retracement into the marked demand zone would provide a much healthier structure than entering in the middle of current range. As long as $2.20-$2.60 holds, bullish setup remains intact, but a decisive breakdown would invalidate the immediate upside roadmap.
#TRUMP