🟢 $TRUMP Bounce or Breakdown – Here’s My Take

I’m watching $TRUMP closely right now because the chart and the news flow are colliding at the same time. Canary Capital just filed for a Trump meme-coin ETF and Trump Media teamed up with Crypto.com for a multi-billion crypto treasury move, while the token itself has already collapsed from its highs and sits in the $8 zone. That mix of hype, regulatory exposure, and big money headlines is creating serious volatility.

On the 1h chart I see price holding around 8.42 after bouncing off 8.02. Short EMAs have flipped up but we’re still under the 99 EMA at 8.50, so this bounce is being tested right at resistance. The range is 8.20–8.55 and the 8.50–8.55 band is where I’m watching for a breakout attempt. If it clears and holds, I’m eyeing 8.64 next with 9.00 back in play, but if 8.20 breaks down again then 8.02 is likely to get swept.

With ETF headlines and the new Trump-Crypto.com fund shaking up the market, I feel like every move on this chart is going to get exaggerated. I’m staying locked on that 8.50 level to see if momentum confirms or if this bounce just fades back into the range.