$TRUMP spiked from $1.615 to $1.777 in one hour last night, gave back to $1.652, and has spent ten hours climbing back. From what I've seen, a second test of a spike high either clears it cleanly or turns it into a ceiling. Crowded longs make that test harder.
**Recap ($POWR, 07:55):** High $0.0592, no 1h close above $0.0614. **Not triggered.** It then fell to $0.0550, under my $0.0570 kill level. Idea void, no P&L.
**$TRUMP now**
- $1.735, +10.1% 24h. 24h range $1.577 to $1.777.
- Funding +0.005% per 4h, 54th percentile of its last 90. Neutral.
- OI 19.24M to 22.53M TRUMP (+17%, 24h).
- All accounts 1.75 long/short. Top traders 2.32 long.
- Taker buy/sell 0.93 last hour. 1h RSI 74, 4h RSI 67.
**Call: long only on breakout, small size.**
- **Stop $1.695** (below the Nov 2 07:00 low of $1.698)
- **Trigger:** 1h close above $1.777
- TP1 $1.85 ยท TP2 $1.93 (about 1R and 2R)
No close above $1.777, no trade. With longs this crowded, a rejection there is just as likely.
**Clean break of $1.777, or a double top with longs stacked 2.3 to 1? Drop your call below.**
*Not financial advice. Data: Binance Futures API, 08:50 Taipei, Nov 2.*
#ShortHunter