$TRUMP: Not a great spot to enter—wait a little longer
This setup is weak. A bullish bias depends on reclaiming resistance. The candle that just closed saw a clear spike in volume, but it closed at the low. There was plenty of activity, but no reason to chase a bounce just yet.
Don’t chase this rebound. Price needs to break above the moving-average resistance overhead and hold on a retest before turning bullish. Otherwise, stay on the sidelines for now. Keep an eye on resistance: will price close above it and hold, or get rejected as soon as it reaches it?
Don’t chase. Wait for a 15-minute close above 1.811; only a successful retest would confirm a real breakout.
The bull-bear line is at 1.811, with 1.79804 as a reference stop-loss. Which do you think comes first this time: a move to 1.83693 or a drop back to the stop-loss level?
#MemeCoin
This setup is weak. A bullish bias depends on reclaiming resistance. The candle that just closed saw a clear spike in volume, but it closed at the low. There was plenty of activity, but no reason to chase a bounce just yet.
Don’t chase this rebound. Price needs to break above the moving-average resistance overhead and hold on a retest before turning bullish. Otherwise, stay on the sidelines for now. Keep an eye on resistance: will price close above it and hold, or get rejected as soon as it reaches it?
Don’t chase. Wait for a 15-minute close above 1.811; only a successful retest would confirm a real breakout.
The bull-bear line is at 1.811, with 1.79804 as a reference stop-loss. Which do you think comes first this time: a move to 1.83693 or a drop back to the stop-loss level?
#MemeCoin