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$TRUMP's sitting at $5.818 right now, slipped 2% in the past hour.
Just wrapped up a solid rally, and now we're seeing some sideways action around that $5.80 mark. What's interesting? There's a clean ascending trendline forming underneath.
Technical breakdown:
Looks like buyers are defending the $5.70-$5.75 zone pretty aggressively. That range has been acting as a solid floor lately. If this support holds and the trendline stays intact, we might see another leg up. But if it breaks below $5.70, could get messy fast.
Keep an eye on volume and how price reacts at these levels.