$TRUMP climbed to $2.93, and this pullback isn’t a long-only (bulls) exhaustion—it’s a reshuffling of positions after a liquidation by the shorts.
Single-day trading volume surged by 100 million dollars. After the pre-market rally blew up the short-sellers who chased the move, the price showed strong capital support in the $2.62–$2.70 range.
What bulls and bears are fighting over now isn’t whether they can break the $3.0 psychological level, but whether the profit-taking positions at the $2.70 pullback can be completely absorbed by the main force.
Keep a close watch on $2.70. As long as this support isn’t broken down with heavy volume, after the float is washed out, the bulls will still have momentum for a second push upward; if it breaks, be wary of a false breakout that lures longs.
The main force detonated the targeted squeeze to blow up the shorts, then washed the longs—were you the one catching the falling knife around $2.9? Let’s chat in the comments.
#暗影萨满 #TRUMP
Single-day trading volume surged by 100 million dollars. After the pre-market rally blew up the short-sellers who chased the move, the price showed strong capital support in the $2.62–$2.70 range.
What bulls and bears are fighting over now isn’t whether they can break the $3.0 psychological level, but whether the profit-taking positions at the $2.70 pullback can be completely absorbed by the main force.
Keep a close watch on $2.70. As long as this support isn’t broken down with heavy volume, after the float is washed out, the bulls will still have momentum for a second push upward; if it breaks, be wary of a false breakout that lures longs.
The main force detonated the targeted squeeze to blow up the shorts, then washed the longs—were you the one catching the falling knife around $2.9? Let’s chat in the comments.
#暗影萨满 #TRUMP