#TRUMP has been grinding higher for weeks and is now pressing against a key resistance level. A breakout could trigger a sharp leg up. Let’s dive in:
🔍 Chart Breakdown
📉 Previous Trend:
TRUMP has followed a steep uptrend since April, with buyers consistently defending higher lows.
📊 Current Price:
$15.68 (as of the latest daily candle)
🔴 Resistance Zone (Major):
$15.80–$16.00 - price has rejected here twice in the last two weeks.
🟢 Support Levels:
$14.20 - trendline support and recent bounce zone
$12.80 - stronger demand from early May pullback
📈 Volume:
Volume has started to increase as price pushes into resistance - if this continues, it could fuel a breakout move.
📌 Market Structure
Ascending Trendline: Clean structure with price bouncing multiple times off rising support.
Bullish Momentum: No major lower low since April - buyers remain in control.
Retest Pattern: Price has returned to resistance after healthy consolidation.
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🚀 What’s Next?
✅ Break above $16.00 = move toward $18.50
✅ Break above $18.50 = opens path to $20.00
⚠️ Rejection at $16.00 = pullback to $14.20–$13.80 likely
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🎯 Trade Plan (DYOR)
Primary Setup:
Entry: Daily candle close above $16.00
Take Profit Targets:
• TP1: $18.50
• TP2: $20.00
Stop Loss: Below $13.80 (trendline break)
Alternative Setup:
Buy dip near $14.20 if price gets rejected short term
SL = below $13.50
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⚠️ Disclaimer:
This post is for informational and educational purposes only. It is not financial advice. Always do your own research and use proper risk management before trading or investing.
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