Javeria Jacko
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Bullish
$TRUMP 🤩🤩Though momentarily subdued, TRUMP's chart hints at a rally, a phoenix rising from the ashes of a sharp correction.😱
Despite the sharp pulldown from 10.53 to the recent low, the chart shows a clear pullback, indicating a potential bottom and a resurgence of bullish momentum. The consolidation phase, though initially leading to a decline, suggests a period of accumulation before the next upward move. This rebound signals a possible trend reversal, targeting the 10.53 resistance level and potentially beyond, with the recent low acting as a solid support.
The rapid recovery from the low, coupled with increasing volume during the pullback, confirms the strength of the bullish trend. Traders should look for a break above the immediate resistance levels, which would validate the continuation of the uptrend. This price action represents a buying opportunity, anticipating a retest of the previous highs and a potential breakout, as the market regains its bullish momentum.
Despite the sharp pulldown from 10.53 to the recent low, the chart shows a clear pullback, indicating a potential bottom and a resurgence of bullish momentum. The consolidation phase, though initially leading to a decline, suggests a period of accumulation before the next upward move. This rebound signals a possible trend reversal, targeting the 10.53 resistance level and potentially beyond, with the recent low acting as a solid support.
The rapid recovery from the low, coupled with increasing volume during the pullback, confirms the strength of the bullish trend. Traders should look for a break above the immediate resistance levels, which would validate the continuation of the uptrend. This price action represents a buying opportunity, anticipating a retest of the previous highs and a potential breakout, as the market regains its bullish momentum.
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