$TRUMP BREAKDOWN IN MOTION – BEARS STILL IN CHARGE!
$TRUMP is trading at $11.98, down -3.78%, following a steep decline from its daily high of $12.76. Despite a minor bounce, sellers are maintaining control, and price remains under key resistance levels.
Support & Resistance Levels:
• Immediate Resistance: $12.10
• Major Resistance: $12.40
• Immediate Support: $11.85 (24h low)
• Critical Support: $11.60 – If breached, could lead to deeper downside
Trade Setup:
Bearish Continuation Scenario:
If TRUMP fails to reclaim $12.10 and breaks below $11.85:
• TP1: $11.60
• TP2: $11.20
Bullish Rebound Scenario:
If price breaks and holds above $12.22:
• TP1: $12.40
• TP2: $12.65
Stop-Loss Levels:
• Shorts: Above $12.25
• Longs: Below $11.80
$TRUMP is holding just above support, but bears are pressing hard. Watch for a breakdown below $11.85 to trigger the next sell wave.