$TRUMP Technical Analysis :
A lot of people are stuck in $TRUMP, and I’ve been getting many requests to share my thoughts on it. So here we go. $TRUMP has been in a steady downtrend, bleeding slowly for the past month and a half. We’ve seen some relief rallies along the way, but there hasn’t been a clear market shift. Right now, it’s sitting on a major support level. A break below this support with an HTF close below PSL will open the door for a much deeper decline. Since the trend is bearish, the wise approach is to look for short opportunities—after all, the trend is your friend. Here’s how I plan to trade it: If we get a clean break below support with an HTF close under PSL, I’ll be shorting any pullback. There’s a bearish level around $15, which also presents a solid short opportunity. Given the overall trend, it is highly likely to drop toward the $4 region.
For $TRUMP to turn bullish, we need to see a real shift in market structure—meaning an HTF close above PSH. Another important thing to watch is how it reacts to the $15 level. If it pushes through that level with an FVG instead of rejecting it, then that area could turn bullish, but only if we also get an HTF close above PSH.