Rejection from peak… momentum fading after sharp move.
$TRUMP /USDT – SHORT
Trade Plan
Entry: $2.92 – $3.08
SL: $3.18
TP1: $2.77
TP2: $2.62
TP3: $2.48 (if breakdown expands)
Why This Setup?
4H Structure: Strong push toward $3.118 followed by rejection — early sign of a local top forming. Price now struggling to reclaim highs.
MA Behavior: Short-term momentum slowing, with price likely slipping below fast MAs — indicating shift from expansion to pullback phase.
Price Positioning: Current price sitting near mid-range, but upside capped below recent peak. Better short entries near resistance zone.
Daily Context: After a sharp move, market often enters correction. RSI likely cooling off from higher levels, favoring downside retrace.
Volume Behavior: High volume near top followed by weaker candles — suggests distribution rather than continuation.
As long as $3.118 is not broken with strong momentum, downside toward $2.77 and lower remains the higher probability.
Debate:
Is TRUMP consolidating before another breakout above $3.11…
Or is this the start of a deeper pullback after hype-driven move?
Trade $TRUMP here 👇
