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$TRUMP is doing something very interesting here that most people are completely missing.
After that massive drop from 4.49 it looks like we’ve finally found a floor around the 2.70 mark. If you look closely at the last few daily candles, we are starting to see a series of higher lows.
Right now we are testing the 3.03 level. This is a bit of a psychological barrier. If we can get a solid daily close above this, it opens the door for a quick move back toward 3.40 where the previous breakdown happened.
The volume is still pretty low which actually isn't a bad thing. It suggests the selling pressure has dried up. I’m waiting for one big green volume spike to confirm the reversal is for real.
Watching that 2.98 support area like a hawk. As long as that holds, the path of least resistance feels like it's finally shifting back up. Stay patient.
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