TUMP UPDATE (1H)This analysis is an update of the analysis you see in the "Related publications" section
The price has been rejected downward from the red box zone in the previous analysis. The trend remains unchanged and is bearish down to the lower zones. Only the time correction for waves D and E has extended.
From the point marked on the chart, it seems the TRUMP correction has started.
Wave D of this corrective pattern has also completed, and the price has entered wave E.
The green zone is where this meme coin might react.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Trumpbtc
Let's take a look at TRUMP (1H)Since there is limited data available for the TRUMP token, we need to check it on lower timeframes.
From the point where we placed the red arrow on the chart, it appears that a correction in TRUMP has started.
This correction seems to be a diametric pattern.
If you're looking for a rebuy, look for opportunities in the green zone.
Closing a 4-hour candle below the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You