On Jan 18, the price of TRUMP started trading around $19. After it consolidated a strong bullish move began, causing a breakout from the symmetrical triangle, leading to an all-time high of $77 on Jan 19, which was a 300% rise. #TRUMPonBinanceSpot
Following this high, the price lost traction and entered a corrective stage. The 15-minute chart depicts a completed ABC corrective structure, marking the end of a significant downward trend. The price found support at the 0.786 Fibonacci retracement level near $31 on Jan. 21, a crucial zone where bullish momentum began to re-emerge. This rebound aligns with a low of wave C, confirming the correction’s conclusion
