$DJT: Neutral to Bullish Flip & Key Levels to Watch

2 days ago
27

$DJT Analysis: The previously anticipated low-risk setup did not trigger as the scenario shifted from bearish to neutral, and then unexpectedly flipped to bullish, contrary to the planned entry. The price action gapped below the 5 DMA, a classic sign of a trend reversal, especially after the recent shift to bullish. This warrants caution as it aligns with a textbook play for potential downside continuation.

Currently monitoring to see if $DJT can trade above the 34.49 and WTD VWAP area. A break above this level could fuel a push into the declining 5 DMA at 35.30 and the previous high VWAP at 34.99. If this rally persists into Tuesday and Wednesday, a low-risk setup could potentially materialize.

If $DJT cannot trade above 34.19 and holds below the daily VWAP, monitor further declines down into the 33.15, 32.85, and then the 30.25 area. Remember, price action under the 5 DMA should be considered "guilty until proven innocent."

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