$TRUMP
is moving much faster than I expected here.
Price is sitting around $2.70 after pushing from the $1.65 area, with the 24H high at $2.793. That is a pretty aggressive move, and the first thing I noticed on the 30m chart is how quickly price separated from the moving averages.
MA7 is at $2.277, MA14 at $2.077 and MA28 at $1.957. All three are sitting below price, so the short-term structure is clearly strong. The breakout also came with a big volume spike, which makes the move more convincing than a quiet pump.
But this is also where I get careful.
Resistance: $2.793
Support: $2.512
Support: $2.231
$2.793 is the immediate resistance, and price is already close to it. Chasing around $2.70 doesn't look as attractive to me after such a sharp expansion.
#TRUMP #USDollarFallsToThreeMonthLow #crypto #trading
is moving much faster than I expected here.
Price is sitting around $2.70 after pushing from the $1.65 area, with the 24H high at $2.793. That is a pretty aggressive move, and the first thing I noticed on the 30m chart is how quickly price separated from the moving averages.
MA7 is at $2.277, MA14 at $2.077 and MA28 at $1.957. All three are sitting below price, so the short-term structure is clearly strong. The breakout also came with a big volume spike, which makes the move more convincing than a quiet pump.
But this is also where I get careful.
Resistance: $2.793
Support: $2.512
Support: $2.231
$2.793 is the immediate resistance, and price is already close to it. Chasing around $2.70 doesn't look as attractive to me after such a sharp expansion.
#TRUMP #USDollarFallsToThreeMonthLow #crypto #trading