Today, I decided to re-analyze the OFFICIAL TRUMP token(
TRUMPUSDT) for you; if you want to have the TRUMP token in your portfolio, in what range can you buy this token, and at what prices can you sell it with a profit or even prevent further loss?
TRUMP Token started correcting after all the hype, after the news of the launch of the Official Melania Meme token(
MELANIAUSDT.P) and has dropped more than -60% from its All-Time High(ATH).
TRUMP Token is moving near the upper line of the descending channel and the Resistance zone($32-$30).
According to the theory of Elliott waves, the TRUMP token seems to be completing microwave 5 of microwave c of the main wave Y. The main wave Y could end in a Potential Reversal Zone(PRZ)[$26-$22] and be another opportunity to buy TRUMP Token, of course, with capital management in mind.
I expect the TRUMP token to start rising again after the -15% decline from the close of the lower high line of the descending channel and the Support lines and at least a +20% increase.
Note: Of course, the FOMC Statement, Federal Funds Rate decision, and Press Conference can affect the general trend of the crypto market and the TRUMP token.
Note: If the TRUMP token goes below $22.00, there is a possibility that the fall will continue.
Note: However, concerns have been raised about supply concentration, with 85% of the tokens controlled by Trump's team, who have reportedly liquidated approximately $500 million worth of tokens. This situation poses potential risks for retail investors.
What do you think about the TRUMP token? Can the TRUMP Token rise again, or is it forming a Dead Cat Bounce Pattern?
Please respect each other's ideas and express them politely if you agree or disagree.
OFFICIAL TRUMP Analyze (TRUMPUSDT), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
TRUMPUSDT) for you; if you want to have the TRUMP token in your portfolio, in what range can you buy this token, and at what prices can you sell it with a profit or even prevent further loss?TRUMP Token started correcting after all the hype, after the news of the launch of the Official Melania Meme token(
MELANIAUSDT.P) and has dropped more than -60% from its All-Time High(ATH).TRUMP Token is moving near the upper line of the descending channel and the Resistance zone($32-$30).
According to the theory of Elliott waves, the TRUMP token seems to be completing microwave 5 of microwave c of the main wave Y. The main wave Y could end in a Potential Reversal Zone(PRZ)[$26-$22] and be another opportunity to buy TRUMP Token, of course, with capital management in mind.
I expect the TRUMP token to start rising again after the -15% decline from the close of the lower high line of the descending channel and the Support lines and at least a +20% increase.
Note: Of course, the FOMC Statement, Federal Funds Rate decision, and Press Conference can affect the general trend of the crypto market and the TRUMP token.
Note: If the TRUMP token goes below $22.00, there is a possibility that the fall will continue.
Note: However, concerns have been raised about supply concentration, with 85% of the tokens controlled by Trump's team, who have reportedly liquidated approximately $500 million worth of tokens. This situation poses potential risks for retail investors.
What do you think about the TRUMP token? Can the TRUMP Token rise again, or is it forming a Dead Cat Bounce Pattern?
Please respect each other's ideas and express them politely if you agree or disagree.
OFFICIAL TRUMP Analyze (TRUMPUSDT), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Trade active
My short position touched my target exactly.
Now, according to the position of the TRUMP token and the fact that there is usually no big movement of Bitcoin on Saturdays and Sundays, it might be a good place to open a long position.
⚠️Be sure to observe capital management.
Trade closed: stop reached
After Bitcoin fell, the Stop Loss(SL) of the long position was touched, although, before that, we had taken the profit of the short position.
The new update, TRUMP Token, seems to have successfully completed wave 4 with Contracting Triangle. We should expect more fallout.
I announce if Stop Loss is touched. honestly with all is a better way.
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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.
🎁Welcome than a 50% bonus(Low Spread)👉vtm.pro/Y3AV7r
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
Related publications
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.