- Trump has a weak structure, but optimistic divergence can lead to price bounce.
- Consistent sales pressure will be difficult to recover recently and traders have to be careful about lasting long.
The official Trump (Trump) was reversed at the $ 13.84 resistance level. In last week’s analysis, AMBCRYPTO pointed out that the 14th floor would reject the bull and send Memecoin more south.
This has been delivered and the extension of 23.6% of $ 11.59 has recently been twisted as a resistance. What is Trump’s next?
Trump’s optimism was able to see short -term profits.
Source: Trump/USDT of TradingView
At the end of February, the market structure overturned the strong (blue) and re -tested Aroudn $ 18 in the region before facing a cruel rejection. The speed of the decline left a fair value difference (white box).
This resistance was aligned with a 78.6% retreat level. This level was depicted based on the upward movement of the optimistic rescue. And their expansion level is still valid.
OBV has steadily declined with the price and emphasized the pressure to highlight. RSI was also lower than zero, but it has been optimistic at prices over the last two days.
Therefore, the price bounce may be expected. Before reversing, you can take a leap to the latest low height to $ 11.59. Market structure changes occur in a four -hour trading session, more than $ 11.59. It should be remembered that Trump’s swing structure remains weak. And $ 13.84 is broken to change this idea.
Source: COINGLASS
For one week, the liquidation heat map showed the possibility of a weak reversal at $ 11. Here, the cluster of liquidation levels can be visited before moving south and visited before the next movement progresses before collecting liquidity for $ 10.
Over $ 11, $ 12.82 and $ 14 must be careful when Trump goes beyond $ 11.6. Until then, prejudice can be weak for a low period of time.
Indemnity Clause: The information presented does not make up financial, investment, transactions, or other types of advice, and is entirely the artist’s opinion.