$TRUMP – Rejection at MA Resistance, Bearish Continuation in Play 📉
Trading Plan (Short)
Entry: 2.82 – 2.90
SL: 2.96
TP1: 2.79
TP2: 2.72
TP3: 2.65
$TRUMP is currently trading around 2.828, facing consistent rejection below the MA 25 resistance at 2.891 while failing to push toward the 2.954 level.
On the 1H timeframe, price is forming lower highs, a clear sign of weakening bullish momentum. Every bounce is getting sold into, showing strong seller presence near resistance.
The structure suggests distribution, not accumulation. Buyers are unable to sustain upward movement, while sellers are defending key levels effectively.
Support at 2.790 is under pressure, and repeated tests increase the likelihood of a breakdown. If this level breaks, downside momentum can accelerate quickly.
Unless TRUMP reclaims and holds above 2.95 with strength, the overall bias remains bearish and short setups remain valid.
This setup is based on MA resistance rejection + lower high formation + pressure on support — favoring downside continuation.
Trade $TRUMP here 👇 📉
