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Something feels off about this $TRUMP chart...
We’re sitting right at 2.81 and the price action is getting incredibly tight. Looking at that massive wick up to 4.49 back in March, it’s clear the bears have been in control for a while, but we are finally finding some horizontal support around this 2.70 zone.
The volume is drying up which usually means a big move is cooking. If we can’t hold this current level, it’s a straight drop into price discovery to the downside. But honestly, it looks like it’s just consolidating for a relief bounce toward 3.40 if the buyers show up.
I’m watching the order book closely here. 54% on the bid side shows there’s some interest, but no real conviction yet.
Be careful with this one, it feels like a coiled spring.
What’s your move if we break below 2.70?
#WCTCTradingChallengeShare8MUSDT