Make MEME Great Again ---- TRUMPAfter the approval of the ETH ETF, market’s attention will turn to monetary policy and the election in November. Over the weekend, former US President and 2024 Republican presidential candidate Donald Trump stated in his speech that he would accept crypto donations, and If he succeeds in becoming president, he will promote the development of crypto and BTC in the United States, and oppose CBDC. This is historic. Trump is the first candidate to express his support for crypto, in stark contrast to his main challenger Joe Biden.
In this context, meme coin TRUMP has gained market attention. Although there is no evidence that the TRUMP token in Trump’s crypto wallet was actively purchased by him. But for meme coins, interesting concepts and hooking up with celebrities are the conditions for pumping, and TRUMP did it. There are still 6 months left before the US election. TRUMP and the meme coin with the concept of election will become the focus of the market at this stage. Donald Trump may even be elected as the next president because of this historic decision.
We can see that with the rise in recent days, TRUMP has risen above the high point at the time of listing on exchanges, and the trading volume has gradually increased. It can be seen from the TSB indicator that after TSB prompted a BUY signal on May 23, TRUMP began a new round of rise. The columns are currently well above the wavy zone and the uptrend is healthy. Meme coins are suitable for our indicators.
Introduction to indicators:
Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated.
KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
TRUMPUSDT trade ideas
MAGA/USDT Set to Skyrocket – Don't Miss Out!Price Prediction and Trading Strategy
Price Prediction:
Short-term: $9.00 - $9.50 USDT (within the next week)
Mid-term: $11.00 - $12.00 USDT (over the next month)
Long-term: Potential to reach $15.00 USDT (within 3 months, contingent on maintaining current momentum and volume)
Trading Strategy:
Long Position:
Entry Point: Enter a long position at the current price of $8.0388 USDT.
Price Target: First target at $9.00 USDT, followed by $9.50 USDT.
Stop Loss: Set a stop loss at $7.00 USDT to mitigate risk in case of adverse price movements.
Short Position:
Entry Point: Consider shorting if the price falls below the support level of $7.00 USDT.
Price Target: Target a decline to $6.00 USDT, with further potential down to $5.50 USDT.
Stop Loss: Place a stop loss at $8.00 USDT to limit potential losses if the price rebounds.
When to Long:
Initiate long positions if the price breaks above $8.50 USDT with strong volume and bullish momentum. This would signal a continuation of the upward trend.
When to Short:
Initiate short positions if the price drops below the support level of $7.00 USDT with increasing volume, indicating a bearish reversal.
The technical analysis suggests a generally bullish outlook for MAGA/USDT, with strong buy signals from the moving averages and supportive, albeit neutral, indicators from the oscillators. Traders should watch key support and resistance levels closely, setting appropriate stop losses to manage risk. The projected price targets provide a roadmap for both short-term and long-term trading strategies.
$TRUMP on a Descending Triangle in the Daily. RSI oversoldUS:TRUMP looking to make a major move on this upcoming ALT season, Daily chart shows a Descending Triangle w/ multiple support at these levels tested throughout the last month. RSI also oversold indicating a massive move to the upside. With the upcoming election just months away, this is looking to be a huge low risk and high reward play.
@Dan52820026
Campaign optics“While MAGA Coin does not have as strong of an ecosystem as the top meme coins, it does seek to appease its investors. This is primarily done through donations to different charities. The donations come as a portion of the total supply.”
- Yahoo finance
The 1:1 “tax” that gets donated to veterans, his legal battle, and some other charity’s looks good for the campaign trail. If he promotes this or even so much as mentions it, this coin could pump HARD.