I can’t believe how many people are falling for this $TRUMP trap right now.
The chart shows we just tapped a local high around 5.152 and the rejection was pretty clinical. We are currently sitting at 5.043, and if you look closely at the hourly candles, they are struggling to find any real momentum.
Volume is around 8.11M, which isn't huge for a coin with this much noise. We are basically oscillating in a tight range between the 5.12 resistance and that wick down to 4.97.
If we lose that 4.971 support level, it’s probably going to be a fast slide down to test the next psychological level at 4.80. On the other hand, if we can flip 5.08 back into support, maybe there’s one more leg up left in it.
I’m staying out of this mess for now. Too much chop for a clean entry.
TRUMP
4.979
-2.12%