$TRUMP is forming a double-bottom structure on the 1H chart, reacting from the 2.93–2.96 support zone. After a downtrend, the market printed Bottom 1 and now Bottom 2 at the same level, indicating buyers are defending this region.

Price is hovering near 2.96, showing early signs of stabilization after the second bottom. This area is acting as a short-term demand zone, where sellers previously pushed the price lower but buyers stepped in quickly.

If this double-bottom support holds, we could see a short-term reaction bounce toward 3.02–3.05, which is the first minor resistance. A stronger push may extend toward 3.08–3.12, where previous rejection occurred.

However, confirmation is still needed. If 2.93 support breaks, the structure fails and price could continue the downside toward 2.88–2.85, where the next liquidity pocket likely sits.

Key levels to watch:

Support: 2.93–2.96

Bounce targets: 3.02 → 3.08 → 3.12

For now, this zone is a reaction area, and the next few candles will decide whether this double-bottom leads to a bounce or further downside continuation.

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