TRUMP is testing the lower bounds of a horizontal support zone after a sustained downtrend. Current price action shows weakening bullish attempts with lower highs, combined with fading volume. A breakdown below support could trigger continuation, but oversold conditions also open room for a scalping rebound.
🔍 Technical Highlights:
Support Zone: $12.30 – $12.50
Resistance Zone: $13.00 – $13.20
Candle Structure: Weak bullish candles failing to reclaim prior highs
Volume: Decreasing gradually — no bullish confirmation yet
Entry: On 1H bullish engulfing candle closing above $12.65
Stop-Loss: Below $12.30
Take Profits:
TP1: $12.90
TP2: $13.20
TP3: $13.50
Risk/Reward: 2.2:1 to 2.8:1
🔴 Bearish Breakdown Setup:
Entry: On 1H close below $12.30 with volume surge
Stop-Loss: Above $12.60
Take Profits:
TP1: $12.00
TP2: $11.50
TP3: $10.90
Risk/Reward: 3:1+ on trend continuation
⚠️ Invalidation:
Long setup fails if price closes below $12.30
Short setup fails if price reclaims $12.75 with strong bullish volume
📌 Pro Tip:
Watch for breakdown confirmation with volume >2M and high sell pressure on the 1H. If followed by a retest of broken support as resistance, it adds confluence to the short setup.
Buy and Trade Here $TRUMP
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