$TRUMP – BEARISH FLAG BREAKDOWN IN PLA showed explosive growth earlier but is now sliding into a bearish channel after facing rejection at the $16 zone.
Current Price: $12.02
Resistance: $14.26
Support: $10.00 - $10.50
Chart reveals a potential bearish flag pattern. Price is struggling to hold above $12, and a breakdown from the channel could send it lower.
Short Trade Setup:
Entry: $12.10 - $12.00
TP1: $10.80
TP2: $10.00
SL: $12.60
Risk Management:
Use only 2-3% of your capital per trade. Stick to your stop-loss and don’t chase reversals.
Red flags waving – watch the breakdown unfold