The rally is not over; it's just reloading! After a powerful push to new highs, TRUMP is now consolidating in a tight range, building up immense pressure for its next explosive move. This is the textbook definition of a healthy continuation pattern.
Don't mistake this pause for weakness; it's the market preparing for launch. $TRUMP
š The Bullish Case (Why The TRUMP Rally Continues)
š¹ Solid Support Established: The price has formed a strong support base around the $9.90 level. Every dip to this area has been aggressively bought up, showing the bulls are in control.
š¹ Bullish Consolidation: The current price action is a classic bull flag or range-bound accumulation. The market is absorbing profit-takers and gathering strength just below the resistance of the recent high.
š¹ Uptrend Structure is Intact: The series of higher highs and higher lows on the larger structure remains perfectly intact. This consolidation is simply a pause in a powerful, ongoing uptrend.
š¹ Prime Breakout Potential: Entering within this consolidation, or on the breakout, offers a fantastic risk-to-reward. The potential upside for the next leg up is significant compared to the defined risk of the range low. $TRUMP
š The Trade Recommendation:
This is a classic "buy the consolidation" setup in a strong uptrend. We are anticipating the continuation breakout.
ā BUY: In the current zone of $10.15 ā $10.20
šÆ TP1: $10.30 (Breaking the range high)
šÆ TP2: $10.50
š SL: $9.95 (A tight stop just below the consolidation support)
š„ The Bottom Line: The trend is powerfully bullish, the consolidation is healthy, and a breakout is becoming more likely by the hour. This is your chance to get positioned before the next major wave of buying hits.
š Do you think TRUMP will break $10.50 this week? Let me know your prediction! š
ā¤ļø Like if you're ready for the TRUMP breakout, and follow for more high-probability setups
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