Trump Coin, liquidity at $31 will push price to <$24Please note that this TA is NOT politically biased. I am simply creating the TA because this crypto coin has been largely talked about. My technical analysis is never with the mindset of a political belief for or against anything. It is simply price action doing the talking.
I've based this TA on quarterly theory lows/highs being the actual low/high candidates that make the actual lows/highs that price tests.
On bearish legs like we are in right now with Trump Coin, we are looking to the left hand side before the high to see liquidity low levels of interest. In this case, the first liquidity low that subsequently failed was at $34. We see that price was manipulated lower, but it failed to remain the low, so there was not enough buying to start a reversal. We were looking at the quarterly high at $51.51 to be taken out after liquidity from $34 was tested, for a reversal to happen.
In this case, that quarterly high at $51.51 that made the manipulation was never tested, so price has pushed below the manipulation low for additional liquidity.
Whenever price goes below the manipulation low, it will retrace to either the high timeframe bearish OB... OR (like in our case) create sell side liquidity before reaching the OB, which will be manipulated, in order to reach the next target of $24 (where the whole thing will cycle through again).
-Manipulate the quarterly highs/lows.
-Test for reversal or continuation.
-Price reaches OB, or price creates liquidity on the way to the OB which is then manipulated and creates the reversal or continuation.
Let's look at the zoomed in portion to show where the liquidity has been built:
The relatively equal highs created is the liquidity that needs to be manipulated by the market makers in order to push the price down. This is where a lot of stops will naturally be, once the high is broken, it will facilitate market makers to sell into the sell stops located above the high.
TRUMPSOLUSDT.P trade ideas
Analysis and Forecast for the TRUMP ($TRUMP) Token
Here's the corrected version with grammar errors fixed:
The $TRUMP token seems likely to tank further. $TRUMP has lost close to 55% of its all-time high (ATH) value. This is a CLASSICAL example of a speculative, volatile, and risky trade.
This crypto (token) went from nothing to roughly $77 in hours, and investors were still willing to buy, knowing by many that the DUMP had started. This led to an unimaginable loss for many traders.
My view is: this coin is likely going downhill as indicated on my chart. If it breaks the current support level and the ascending trendline,
if the above happens, we might see $TRUMP hit $30, or bottom out at $27 zones.
Trade with care.
TRUMP Breakout Alert: 100%+ Pump Potential from Falling Wedge!🚀 Hey Traders! 👋
If this setup gets you excited, smash that 👍 and hit Follow for trade ideas that actually deliver! 💹🔥
TRUMP is flashing bullish signals, breaking out of a falling wedge on the 1-hour chart. This setup screams potential for a 100%+ pump! 📈🔥
💡 Trade Setup:
📌 Entry Range: Current Market Price (CMP); add more on dips.
🎯 Targets:
Target 1: $31
Target 2: $42
Target 3: $51
Target 4: $60
🛡️ Stop Loss (SL): $24.80
⚙️ Leverage: Use low leverage (Max 5x) for safety.
💬 What’s Your Take?
Are you bullish on TRUMP’s breakout potential? Drop your analysis, predictions, or strategies in the comments below! Let’s crush this trade and lock in those gains! 💰🔥
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
Trump Coin: Bearish Signals and Double Bottom AheadAs of January 25, 2025, Bitcoin (BTC) is trading at approximately $102,378, exhibiting bearish tendencies. This downturn is influencing altcoins, including Trump Coin (TRUMP), which is currently priced around $27.14.
Technical Analysis of Trump Coin (TRUMP):
Head and Shoulders Pattern: On higher timeframes, TRUMP has formed a head and shoulders pattern, a classic bearish indicator suggesting potential downward movement in the mid-term.
Double Bottom Support Level: The anticipated decline may lead TRUMP to revisit its previous double bottom support around the $5 mark.
Short-Term Bullish Spike: Before reaching the $8.80 support level, a brief bullish surge towards $12.544 is expected, possibly offering short-selling opportunities.
Supporting News and Market Sentiment:
Recent developments have contributed to the bearish outlook:
Regulatory Concerns: President Donald Trump's executive order to establish a task force for proposing new cryptocurrency regulations has introduced uncertainty, leading to market declines.
Meme Coin Volatility: The launch of TRUMP and MELANIA meme coins saw initial surges followed by significant crashes, highlighting the speculative nature of these assets and raising concerns about their impact on the broader crypto market.
Given these factors, traders should exercise caution. Monitoring key support and resistance levels, along with staying informed about regulatory developments, is crucial for making informed decisions regarding TRUMP and the broader cryptocurrency market.
Interpretation of support and resistance points and Fib ratios
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There was a change in the chart while I was writing the idea.
Therefore, please refer to the chart attached below.
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(TRUMPUSDT.P 1D chart)
Since the chart was created not long ago, it is practically impossible to analyze it.
However, I will take the time to explain it as an extension of the explanation of Fibonacci ratios.
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(1D chart)
You can check the retracement ratio using the Fibonacci retracement tool on the 1D chart.
(30m chart)
You can check the Fibonacci ratio on the 30m chart and analyze the chart.
However, I think the Fibonacci ratio is a chart tool for chart analysis, so in order to trade, you need to draw support and resistance points by the arrangement of candles.
As I mentioned earlier, since the chart is created not long ago, you can select support and resistance points on the 1M, 1W, and 1D charts, so even if you draw support and resistance lines, their role is likely to be weak.
Therefore, I think it is better to trade these coins (tokens) in short-term transactions such as scalping or day trading.
If the trading period is long, the psychological burden is likely to increase, which can lead to incorrect trading.
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The HA-MS indicator was activated to indicate support and resistance points.
If you activate the Fibonacci ratio drawn on the 1D chart, it is as follows.
You can see that the maximum range we can trade is 28.0-70.654.
If we go outside this range, a new wave will be created, so new support and resistance points are needed.
At this time, a chart tool that can help interpret the chart is the Trend-Based Fib Extension.
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Since the HA-Low indicator was formed at the 40.245 point, we can see that the low point has been formed.
Therefore, if it shows support near the HA-Low indicator, it is a time to buy (LONG).
Since it has currently fallen below the HA-Low indicator, it is highly likely that it will update the latest low, so it was possible to enter a sell (SHORT) position when it fell from the HA-Low indicator.
As the price falls, I think it is better not to make a new transaction until the HA-Low indicator is newly created or the existing HA-Low indicator rises and shows support.
If it is supported by the HA-Low indicator and rises,
- 46.618
- 63.882-70654
You should check for support in the above section.
If it is not supported, it is a time to sell in parts.
In my chart, the MS-Signal indicator is an important indicator in terms of trend.
Therefore, in order to turn into an uptrend, the price must be maintained above the MS-Signal indicator.
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(12h chart)
The current chart is so new that it is virtually impossible to see the trend.
If you want to draw with the Trend-Based Fib Extension tool, the largest time frame chart you can draw is the 12h chart.
The point where the finger points is the selection point.
(30m chart)
The chart above is drawn with the Trend-Based Fib Extension tool.
The circles marked on the far right correspond to important support and resistance zones.
When interpreting Fibonacci ratios, the 0, 0.5, 0.618, and 1 ratios can be interpreted as key ratios.
Therefore, if it falls below 1, it may fall to around 1.618 (2.198), so caution is required when trading.
The 0.618 (35.663) ~ 0.5 (39.612) section can be interpreted as an important support and resistance section.
Since the HA-Low indicator is formed within this section, it can be interpreted that the role of support and resistance is emphasized.
Even if the Fibonacci ratio is drawn in this way, it can be helpful in setting the timing of trading only when it is interpreted in accordance with the support and resistance points drawn on the 1M, 1W, and 1D charts.
Otherwise, it is likely that your subjective thoughts will be included and the transaction will proceed in the wrong direction.
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The support and resistance points must be drawn by looking at the arrangement of candles on the 1M, 1W, and 1D charts to be activated as support and resistance points.
The support and resistance points drawn on the time frame chart below may have a weak role, so caution is required when trading.
In that sense, I hope you understand the content of this idea as how to comprehensively interpret the Fibonacci ratio and support and resistance points.
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Thank you for reading to the end.
I hope you have a successful trade.
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TRUMP COIN: An Objective PerspectiveA US President creating a meme coin just as he is inaugurated. That is something I never thought I would live to see.
Donald J Trump created a meme cryptocurrency coin called TRUMP. In a matter of hours since launched, this coin blasted sky high. TRUMP coin is now the 25th most valuable cryptocurrency coin with a value of around $8 billion USD, according to the website CoinMarketCap.
There are both positive and negative remarks surrounding the launch of this coin, but needless to say, there is massive hype around crypto at the moment.
In the video I go through my thoughts on the chart analysis, as well as personal opinion on what may possibly happen.
Trade safe out there, guys!
- R2F Trading
TrumpusdtTrump should be resolved by tomorrow immediate sipport is 32.50 i think it breaks to the upside but be careful , after all its a meme coin . Maybe it will have some utility as it could potentially be used to measure the president approval rating for example if trump does something bad the coin will reflect the peoples sentiment and go down and vise versa… just a thought .