Unbiased scenarios for DJT media of Truth Social, based on simple conditions of holding or losing a neckline at 32 bucks.
Below $32 = Bearish:
Above $32 = Bullish:
Best of luck!
Below $32 = Bearish:
A weekly close below $32 that isn't immediately recovered in the following week likely means it is headed further down towards 12.50. There is an unfilled gap around ~17.50-18.50, so at the very least it could revisit that area.
Above $32 = Bullish:
Should the weekly remain above $32 instead, expect to see it revisit $82 with an eventual weekly close near that level, and then continuation up towards $132
Best of luck!
Note
Fell well below 32, 17 or lower is looking likely unless there is a fast and strong reclaim of 32Note
Fell to 17 and continued lower, 12.50 should be a support level, if that is lost it will move even further down and into price discovery
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.