TRUMP double-top under pressure—short-sellers’ opportunity is here!
TRUMP recently pushed up to around 2.93, but after multiple tests of the resistance level, it failed to break through effectively, forming a clear double-top structure on the hourly chart.
In the short term, the selling pressure from above continues to build, and the trading volume does not confirm the breakout, indicating that bullish momentum is weakening.
If TRUMP cannot hold above 2.8, a pullback is likely in the short term. Watch the support around 2.7—once it breaks, downside room for the bears will open up further.
TRUMP recently pushed up to around 2.93, but after multiple tests of the resistance level, it failed to break through effectively, forming a clear double-top structure on the hourly chart.
In the short term, the selling pressure from above continues to build, and the trading volume does not confirm the breakout, indicating that bullish momentum is weakening.
If TRUMP cannot hold above 2.8, a pullback is likely in the short term. Watch the support around 2.7—once it breaks, downside room for the bears will open up further.