TRUMP-UMP - $4.300 / $4.500 NEXT
As illustrated, I'm trying to visualize a potential path to ATHs between $4.250 and $4.400 price range.
Once there, we could see a sell-off of short term traders liquidating their long positions near the $4.500 psychological price level + long term holders closing a small amount of their profits to secure some cash.
That being said, keep an eye for a potential psychological barrier at the $4.000 - $4.100 price range, and a KEY PIVOT AREA range of $3.050 and $3.1800.
First major support should be just below $3.000 and above $2.800
Extended buying area would be previous ATH range between $2.800 and $2.700
Invalidation Level: $2.300
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GOOD LUCK!
Once there, we could see a sell-off of short term traders liquidating their long positions near the $4.500 psychological price level + long term holders closing a small amount of their profits to secure some cash.
That being said, keep an eye for a potential psychological barrier at the $4.000 - $4.100 price range, and a KEY PIVOT AREA range of $3.050 and $3.1800.
First major support should be just below $3.000 and above $2.800
Extended buying area would be previous ATH range between $2.800 and $2.700
Invalidation Level: $2.300
--
GOOD LUCK!
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