$TRUMP RELIEF BOUNCE IN PLAY BUT STILL UNDER PRESSURE!
$TRUMP is trading at $12.71, down -0.63% on the day. After sliding from the 24h high of $13.07, price found temporary support around $12.65. The current bounce looks promising, but $12.80 remains the key level bulls must reclaim to shift short-term momentum.
Key Technical Levels:
• Immediate Resistance: $12.80 – $12.90
Sellers have capped recent rallies in this zone. A break above $12.90 could send price toward $13.10–$13.30.
• Strong Support: $12.58 – $12.65
Price bounced cleanly here, forming a short-term bottom. A breakdown below $12.58 may lead to a sharp drop toward $12.30.
Trade Setup:
Bullish Scenario:
• Entry: Above $12.80 with strong confirmation
• TP1: $13.00
• TP2: $13.20
Bearish Scenario:
• Entry: Below $12.58
• TP1: $12.35
• TP2: $12.10
Stop-Loss Levels:
• Longs: Below $12.64
• Shorts: Above $12.82
TRUMP is attempting a recovery, but the rally remains capped below $12.80. Bulls need a decisive move above that level for a confirmed breakout. Meanwhile, losing $12.58 could open the door to further downside.
