Trump Coin surged aggressively but is now testing a bearish retest zone including the value area low, 0.618 Fibonacci, and anchored VWAP. These levels form a strong technical ceiling for price action.
Two Key Points:
Volume profile shows a climactic node, often marking temporary tops.
Reclaiming current resistance is needed to avoid a full retrace to $9.30.
As it stands, the recent impulse may be topping out. If the local low breaks, bears could regain full control with eyes on a move back to the impulse base.
Two Key Points:
Volume profile shows a climactic node, often marking temporary tops.
Reclaiming current resistance is needed to avoid a full retrace to $9.30.
As it stands, the recent impulse may be topping out. If the local low breaks, bears could regain full control with eyes on a move back to the impulse base.
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Free Alpha Group t.me/freetradingden
Unlock up-to $8,000 USDT in bonuses, only at Blofin - Link Below to start Trading.
partner.blofin.com/d/alchemisttrader
Unlock up-to $8,000 USDT in bonuses, only at Blofin - Link Below to start Trading.
partner.blofin.com/d/alchemisttrader
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.