📊 $TRUMP – Consolidating After Strong Move
Current Price: $8.87 (+1.95%)
$TRUMP recently tested resistance around $8.99, but was unable to break the $9.00 mark, resulting in sideways price action. Support is currently holding near $8.80, and a confirmed breakout above $9.00 could open the door for a move toward $9.30 – $9.50. On the downside, if support fails, we may see a pullback to the $8.60 – $8.40 range before bulls re-enter.
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🧾 Trade Setup (For Study Purposes Only):
• Entry Zone: $8.75 – $8.85
• Take Profit Targets:
• TP1: $9.20
• TP2: $9.50
• Stop Loss: $8.55
⚠️ Risk Management Tip:
Due to elevated volatility near resistance, consider smaller position sizes to manage risk effectively.
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