$TRUMP has just delivered a massive breakout after spending months in a clear downtrend and then forming a long accumulation range around $1.40–$1.60.
The latest daily candle is the key. Price exploded from the accumulation area and pushed as high as $3.68, completely changing the short-term market structure.
Now, instead of chasing the pump, I’m watching the $2.30–$2.50 zone marked on the chart. This was a major resistance area, and the ideal scenario would be for TRUMP to pull back, retest this zone, and establish it as support.
If the $2.30–$2.50 area holds, the breakout could have much more room to run. The next major upside level shown on the chart is around $3.70–$3.80, which would mean another strong move from the current price.
The biggest thing to watch now is whether the breakout holds. A successful retest would make this structure significantly more interesting. #TRUMP #TRUMPOFFICIAL #DeFi #Bullish
The latest daily candle is the key. Price exploded from the accumulation area and pushed as high as $3.68, completely changing the short-term market structure.
Now, instead of chasing the pump, I’m watching the $2.30–$2.50 zone marked on the chart. This was a major resistance area, and the ideal scenario would be for TRUMP to pull back, retest this zone, and establish it as support.
If the $2.30–$2.50 area holds, the breakout could have much more room to run. The next major upside level shown on the chart is around $3.70–$3.80, which would mean another strong move from the current price.
The biggest thing to watch now is whether the breakout holds. A successful retest would make this structure significantly more interesting. #TRUMP #TRUMPOFFICIAL #DeFi #Bullish