Is this the floor for $TRUMP or just another pit stop on the way down?
Honestly the way this chart is looking it seems like the heavy bleeding has finally slowed down. We’ve been flatlining around this 3.45 area for a couple of weeks now after that nasty drop from the 5 dollar range. Support is holding pretty steady near 3.00 and every time we test it the buyers show up just enough to keep things interesting. Resistance is clearly sitting around 3.90 to 4.00 and we need a lot more volume than what I'm seeing right now to actually punch through that. It's basically a waiting game. If we lose 3.00 it's going to get ugly fast but for now it's just boring accumulation.
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Is this the floor for $TRUMP or just another pit stop on the way down?
Honestly the way this chart is looking it seems like the heavy bleeding has finally slowed down. We’ve been flatlining around this 3.45 area for a couple of weeks now after that nasty drop from the 5 dollar range.
Support is holding pretty steady near 3.00 and every time we test it the buyers show up just enough to keep things interesting. Resistance is clearly sitting around 3.90 to 4.00 and we need a lot more volume than what I'm seeing right now to actually punch through that.
It's basically a waiting game. If we lose 3.00 it's going to get ugly fast but for now it's just boring accumulation.
#DeepCreationCamp