Solid short setup on $TRUMP — looks like the bulls are losing control after that $9.55 rejection.
Bearish Snapshot:
Current Price: $9.23
Recent High: $9.55
Lower Highs Forming: Classic sign of reversal
Momentum: Fading fast
Short Setup:
Entry Zone: Around $9.23
TP1: $8.70
TP2: $8.30 (key support)
Stop-Loss: Above $9.55 (invalidate the short idea)
As long as it stays below $9.30 with weak volume or failed bounces, this short could play out cleanly. A break below $9.00 might accelerate the drop.
Are you eyeing a quick scalp on this or holding for TP2? $TRUMP