$TRUMP ON CHAIN ALERT
The Trump Meme team just moved another 8.73M $TRUMP (~$17.99M) to BitGo custody.
That brings the 2-week total to ~31M TRUMP, worth ~$70.64M.
But here is the important part:
⚠️ BitGo custody ≠ confirmed selling.
So I’m watching the next wallet movement, not simply assuming a dump.
📉 Price impact if selling follows:
A large team-linked supply entering market liquidity could increase sell pressure and weaken support. If exchange deposits appear afterward, the risk of a sharper move increases.
📊 Technical levels to watch:
Current reporting places $TRUMP around $2.05, with resistance near $2.14 and support around $1.96. Price is also near the 50/200 EMA zone, making this an important area for confirmation.
My approach: Don’t panic-sell. Don’t blindly buy the dip.
Watch: → BitGo → exchange transfers
→ Spot volume
→ $1.96 support
→ $2.14 breakout
→ Wallet outflows/inflows
If $1.96 breaks with strong volume, downside pressure can accelerate.
If $2.14 is reclaimed with strong spot volume, the market may absorb the supply.
On chain flow first. Price confirmation second.
#TrumpCrypto #XRPExchangeReservesHitSevenYearLow #trumpcoin
The Trump Meme team just moved another 8.73M $TRUMP (~$17.99M) to BitGo custody.
That brings the 2-week total to ~31M TRUMP, worth ~$70.64M.
But here is the important part:
⚠️ BitGo custody ≠ confirmed selling.
So I’m watching the next wallet movement, not simply assuming a dump.
📉 Price impact if selling follows:
A large team-linked supply entering market liquidity could increase sell pressure and weaken support. If exchange deposits appear afterward, the risk of a sharper move increases.
📊 Technical levels to watch:
Current reporting places $TRUMP around $2.05, with resistance near $2.14 and support around $1.96. Price is also near the 50/200 EMA zone, making this an important area for confirmation.
My approach: Don’t panic-sell. Don’t blindly buy the dip.
Watch: → BitGo → exchange transfers
→ Spot volume
→ $1.96 support
→ $2.14 breakout
→ Wallet outflows/inflows
If $1.96 breaks with strong volume, downside pressure can accelerate.
If $2.14 is reclaimed with strong spot volume, the market may absorb the supply.
On chain flow first. Price confirmation second.
#TrumpCrypto #XRPExchangeReservesHitSevenYearLow #trumpcoin
