TRUMP is showing an interesting short-term structure after a powerful recovery from the $2.35–$2.40 demand area. The initial move out of that zone was aggressive, with buyers quickly reclaiming $2.50 and pushing price toward $2.80. That kind of expansion suggests strong demand entered the market after the prolonged weakness.
The problem is that the rally has now reached an area where sellers have repeatedly appeared. Price has struggled around $2.80–$2.85, producing several rejections and forcing the current pullback toward $2.70.
What matters now is whether buyers can defend the $2.65–$2.70 region. This area sits directly beneath the recent expansion and could become the foundation for another move higher if demand remains strong.
A recovery back above $2.80 would put the chart on track toward the $2.90 target shown on the setup. A clean breakout through $2.90 could signal that the current consolidation is resolving higher.
But if $2.65 breaks with strong selling pressure, the bullish structure becomes much weaker and the $2.35–$2.40 demand zone could come back into play.
For now, $TRUMP is not at a confirmed breakout. It is sitting at the point where the next directional move could be decided. #TRUMP #bullish
The problem is that the rally has now reached an area where sellers have repeatedly appeared. Price has struggled around $2.80–$2.85, producing several rejections and forcing the current pullback toward $2.70.
What matters now is whether buyers can defend the $2.65–$2.70 region. This area sits directly beneath the recent expansion and could become the foundation for another move higher if demand remains strong.
A recovery back above $2.80 would put the chart on track toward the $2.90 target shown on the setup. A clean breakout through $2.90 could signal that the current consolidation is resolving higher.
But if $2.65 breaks with strong selling pressure, the bullish structure becomes much weaker and the $2.35–$2.40 demand zone could come back into play.
For now, $TRUMP is not at a confirmed breakout. It is sitting at the point where the next directional move could be decided. #TRUMP #bullish
