OFFICIAL TRUMP: Bullish Potential Invalidated? Back To 1,000%+As can be seen here, price action moved below our defined support (now resistance). The question naturally arises, is the previous analysis now invalid? Quick answer, no! We are still bullish and I will explain why.
It is true that the break above resistance makes this chart ultra-bullish, so moving back below can be considered an invalidation. The truth is that the low yesterday is still a higher low compared to 28-Feb. when the All-Time Low was hit. We have both a higher low and also a green close, the session yesterday ended green as a hammer which is bullish.
The bullish case is weaker now in the short-term but the bullish bias and potential remains intact. TRUMPUSDT is set to grow; patience is key.
The low is in and this low was followed by a high volume bullish breakout. This breakout is followed by a retrace, which is a classic and this retrace ends as a higher low. This is standard price action. From this higher low TRUMPUSDT can and will grow.
Even if the market decides to shakeout more people out, we are bullish long-term. You know what I love to say; once we hit bottom, the only place left to go is up.
Notice in early 2025 there is a clear downtrend on the chart. Now, instead of a downtrend the action is sideways. This is the transition period. First down, then sideways and then up.
We are going up next. It can take a few months, a few weeks or simple just a few days.
The potential for growth here is as good as with any other pair.
Thanks a lot for your continued support. It is truly appreciated.
Namaste.
