TRUMP is trading at $10.75, showing a slight pullback after an impressive bullish reversal from the lows seen in early July. After a month-long downtrend, the price has carved out a rounded bottom and initiated a strong new uptrend, suggesting a significant shift in market sentiment.
The daily chart shows the price has rallied from below $9.00 to a recent high above $12.00 before this current consolidation. This pullback could present a buying opportunity if key support levels hold.
📈 Key Levels:
Resistance: $12.18 (Recent High)
Support: $10.00, $8.50 (July Low)
🎯 Buy Zone: $10.00 – $10.70
🛡 Stop Loss: Below $9.50
🎯 Target 1: $12.00
🎯 Target 2: $13.50 and higher
🔥 My Take: The reversal from the sub-$9.00 area is a powerful bullish signal. The current dip looks like a healthy correction within a new uptrend. If bulls can defend the $10.00 support zone, the path is clear for another attempt at the $12.00 resistance. A confirmed break above that level could see the rally extend significantly.
----------------------------------