#trump320
trump320
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TRUMP has spent two weeks compressing inside a symmetric triangle: resistance sloping down from the $3.70 spike high on August 22, support sloping up from the $1.60 base on August 19. Price sits at $2.8132, right at the triangle’s upper edge.
The 20-period EMA at $2.4724 and 50-period at $2.2652 sit below price and are curling up, still catching up to this month’s sharp rally. RSI reads 69.41, just under overbought after touching 80 twice during the wild swings around August 20 and 22.
The triangle’s apex lands in early September, so a breakout or breakdown is likely within the first half of the month. A close above $2.90-$3 confirms a breakout. A break below $2.40 opens the door back to the EMA cluster.
#trump320 #mr320 #Trendingissue #WriteToEarn2026 #trump
TRUMP has spent two weeks compressing inside a symmetric triangle: resistance sloping down from the $3.70 spike high on August 22, support sloping up from the $1.60 base on August 19. Price sits at $2.8132, right at the triangle’s upper edge.
The 20-period EMA at $2.4724 and 50-period at $2.2652 sit below price and are curling up, still catching up to this month’s sharp rally. RSI reads 69.41, just under overbought after touching 80 twice during the wild swings around August 20 and 22.
The triangle’s apex lands in early September, so a breakout or breakdown is likely within the first half of the month. A close above $2.90-$3 confirms a breakout. A break below $2.40 opens the door back to the EMA cluster.
#trump320 #mr320 #Trendingissue #WriteToEarn2026 #trump
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