$TRUMP JUST SHOOK OFF THE DIP – IS THE NEXT RALLY INCOMING?
After facing a sharp sell-off from $15.31, $TRUMP found solid support at $14.01, bouncing back with notable strength. The recovery suggests that bulls are not done yet. The current price action indicates momentum is shifting back to the upside, and a retest of recent highs might just be on the table.
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Market Snapshot:
Recent High: $15.31
Recent Low: $14.01
Current Price Range: $14.35–$14.50
Market Sentiment: Reversal in progress after dip
Structure: Potential higher low forming with renewed buyer interest
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Trade Setup:
Entry Zone: $14.35–$14.50 – The zone where price is stabilizing after bounce
Stop Loss: Below $13.95 – Keeping it tight under local support
Take Profit Targets:
TP1: $14.95 – Near-term resistance from recent bounce
TP2: $15.60 – Retest of prior high zone
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Why This Setup Matters:
1. Bounce from Key Support
$Trump respected the $14.00 zone perfectly, a psychological and technical level. This bounce signals buyer strength returning after the dip.
2. Trend Structure Still Intact
While the recent dip was sharp, it didn’t break the broader bullish structure. This may just be a higher low before the next leg up.
3. Volume Picking Up on Recovery
As price bounces, volume is climbing again, which often precedes another move toward resistance.
4. Holding Above $14.00 is Critical
As long as price remains above this mark, bulls stay in control. Dips below could invite volatility, but holding strong increases breakout probability.
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Pro Tip:
Wait for a bullish candle close above $14.50 on the 15M or 1H chart for stronger confirmation. If price holds this zone with increasing volume, momentum traders may get a solid upside opportunity toward $15+. Use dips as re-entry chances if structure holds.
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Final Word:
$Trump just dodged a bearish breakdown and is now stabilizing with bullish intent. A clean hold above $14.00 keeps the upside scenario alive. If the current bounce carries through, this could be the start of another leg toward previous highs—or even a breakout.
Will you catch the reversal ride, or sit this rally out?