Ever wondered why everyone suddenly went quiet on
$TRUMP ?
The chart shows exactly why. We had a decent bounce from that $3.19 floor, but we just got rejected hard at the $3.40 resistance level. Now we’re sitting at $3.31 and it’s looking a bit indecisive.
If you check the order book, the sell side is slightly heavier at 52.86%. It feels like the momentum from that recovery is fading out. If we don't hold the $3.30 area as support, we're likely heading right back down to retest those lows near $3.20.
Volume is okay, around 15M for the day, but it’s mostly just chopping people up right now.