$TRUMP has fallen to the 1.76 doorstep. Losing this level would look really bad
Current price: $1.83 (24h: -9.26%)
The news is that WLFI is preparing to accept USD1 payments for its online business, but the market hasn't reacted.
TRUMP is currently at 1.832, down more than 9% in a day, putting the two-day low of 1.76 squarely in the spotlight.
Bulls and bears are both watching this one number: if 1.76 holds through today's close, a rebound might reach toward the previous high area around 2.07. But there's significant overhead selling pressure there, and it won't count as a trend reversal unless the price reclaims 2.07;
if 1.76 breaks decisively, there's little meaningful support below, so the price could consolidate briefly before continuing lower.
The funding rate is slightly negative, giving bears a small edge, but there's no rush of shorts piling in. Open interest is also fairly ordinary—big money hasn't come in to set the direction yet.
Based on this outlook, I'm leaning bearish: two moving averages are overhead, and the price is hovering near its low. But if it gets back above 2.07, this view is invalidated.
Do you see 1.76 as the last line of defense, or will you wait for 2.07 before deciding?
#TRUMP #币圈日常 #合约
Current price: $1.83 (24h: -9.26%)
The news is that WLFI is preparing to accept USD1 payments for its online business, but the market hasn't reacted.
TRUMP is currently at 1.832, down more than 9% in a day, putting the two-day low of 1.76 squarely in the spotlight.
Bulls and bears are both watching this one number: if 1.76 holds through today's close, a rebound might reach toward the previous high area around 2.07. But there's significant overhead selling pressure there, and it won't count as a trend reversal unless the price reclaims 2.07;
if 1.76 breaks decisively, there's little meaningful support below, so the price could consolidate briefly before continuing lower.
The funding rate is slightly negative, giving bears a small edge, but there's no rush of shorts piling in. Open interest is also fairly ordinary—big money hasn't come in to set the direction yet.
Based on this outlook, I'm leaning bearish: two moving averages are overhead, and the price is hovering near its low. But if it gets back above 2.07, this view is invalidated.
Do you see 1.76 as the last line of defense, or will you wait for 2.07 before deciding?
#TRUMP #币圈日常 #合约