Why This Memecoin is the Rollercoaster You Didn’t Sign Up For! 🎢💸

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  • So, TRUMP has been playing the waiting game for the last 12 hours. How thrilling! 🙄
  • With volume as exciting as watching paint dry and bearish vibes all around, maybe just chill for a bit? 🥱

Official Trump [TRUMP] has decided to settle into a cozy little range between $40 and $31.3. The mid-range level at $35.7 was like that friend who keeps saying “maybe” but finally decided to support us in recent hours. Yay! 🎉

Trading volume has taken a nap over the past 12 hours. And if TRUMP decides to break out of this short-term range, those Fibonacci retracement levels are just waiting to rain on the parade. Will it? Who knows! 🤷‍♀️

Short-term range formation: The ultimate TRUMP bull blocker

Price action on the hourly chart has been as cheerful as a rainy Monday. The launch of Official Melania (MELANIA) sent TRUMP into a dramatic 39.9% nosedive in just an hour. Talk about a plot twist! 📉

For the last 12 hours, we’ve been hanging around the 78.6% Fibonacci retracement like it’s a trendy café. Good news for holders, though—there’s a glimmer of hope for a recovery! 🌈

But hold your horses! The technical indicators are leaning more towards the dark side. The CMF is at -0.05, which is basically the universe saying, “Nope, not today!” 🚫

And the DMI? It’s showing a downtrend that’s more dominant than your friend who always wants to pick the movie. -DI and ADX are both above 20, just to rub it in. 😩

Liquidation data is pointing to the $20 region as a strong magnetic zone, like a black hole for prices. But if that happens, we’re diving below the range of lows, and that’s a one-way ticket to Bear Town. 🐻

The 2-day look-back period is giving us $30.3 as a short-term target. And if we’re feeling adventurous, the $43-$44 region is the next stop, which is just around the corner from the range highs at $40. 🚀

Realistic or not, here’s TRUMP’s market cap in BTC’s terms. Spoiler alert: it’s a wild ride! 🎢

So, brace yourselves! There’s a good chance of a temporary setback once we hit those range highs. And since TRUMP loves to pump like it’s a party, keep your eyes peeled for any volume spikes. You might just want to jump in if the volume is loud enough! 🎉

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2025-01-22 04:23