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Something feels very off about $TRUMP right now.
The price has been flatlining for days around this 2.89 area and the candles are getting smaller and smaller. We saw a massive spike to 4.49 a while back but since then it’s just been a slow and painful slide.
Support is sitting right at 2.82 and we are literally hugging it. Usually when a meme coin sits on support this long without a bounce it’s a sign of weakness. If we lose 2.80 we could easily see 2.61 or lower very quickly.
Volume is almost non-existent compared to the big move in March. It needs a massive injection of liquidity to turn this around. For now it’s just a sideways chop and it feels like it’s waiting for a reason to move.
I’m staying on the sidelines for this one. No point in guessing which way the break goes when the momentum is this dead.
#GateSquareAprilPostingChallenge