✅ This Signal Is Valid and Potentially Successful:
Clear Resistance Rejection (12.76 - 12.83 Zone)
Price repeatedly failed to break and hold above the resistance zone near 12.76–12.83. This is a classic lower high formation and suggests bearish strength.
Bearish Candlestick Reaction
Strong wick rejections and lower body closures right under the resistance confirm selling pressure — ideal entry condition for a short.
Support Retest Area
Price has previously bounced from the 12.62 zone. The signal plays within a tight range, giving a favorable risk-to-reward ratio.
Volume Confirmation
Noticeable volume spike during rejection implies strong participation from sellers — which supports the follow-through of the bearish move.
Range-Bound Setup
Price is oscillating within a defined channel. This short was entered at the top of the range, aiming for a return to the bottom support near 12.62 — a textbook range short.
📌 Conclusion:
This signal setup is successful if:
Price stays below 12.76
Sellers remain active near the 12.83 resistance
Target of 12.62 is approached without price breaking above SL
sell and trade here on $TRUMP