🔥 $TRUMP Between the hammer and the anvil!
Currently, the price is trying to break the "descending wedge" — meaning a descending resistance line pressing on the price from above. If it can break this line and close above it steadily, this would be a strong indicator of the beginning of a new upward wave.
📉 But the basic condition:
The price must hold above the 200 moving average (the blue line on the chart) and turn it from resistance to support. This shift is very important because it means that buyers have taken control and are confidently pushing the price upward.
🚀 If this support is achieved:
We expect a strong upward movement that could quickly raise the price and double its current value.
⚠️ But if it fails to hold above the support:
The price may witness a correction or decline, so we must be cautious.
🎯 Tip:
Watch the trading volume at breakout and consolidation points, as high volume gives more strength to the signal.
📝 Note: This is a technical analysis and personal opinion, not a financial recommendation; always plan to manage your risks.
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