> $TRUMP — Still Looking Weak
The recent market bounce provided a decent entry opportunity, and I'm still holding my short from around $2.08.
The thesis hasn't changed.
The birthday-driven rally is behind us, and most of that move looked more like short-term hype than a sustainable trend. As the excitement fades, price could gradually retrace back toward lower levels.
On top of that, continued token unlocks add extra supply pressure, while many late buyers appear to be trapped near the recent highs.
For now, I remain bearish until the market shows a stronger reason to invalidate this view.
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