$TRUMP finally woke up. It sat in a dead 1.57-1.61 box for days, then one 4h candle ripped it to 1.777 and it's holding around 1.74-1.76 now, up ~10% on the day with ~$179M traded on Binance perps.
The part I care about: OI on TRUMPUSDT jumped from ~19.1M to ~22.5M contracts on that breakout candle, so this was fresh positioning, not just shorts covering. Top traders are ~70% long (ratio 2.32), and the overall crowd keeps getting longer, 62% to 64% across the last three 4h reads. Funding is still mild at 0.005%, so it's not overheated yet.
On the NanoTrading Fire chart (4h), price is back above the POC around 1.68, and there are two fat liquidity clusters stacked right there near 1.68-1.69 (~$28M and ~$26M). Above, I see a ~$9M tag around 1.77 (the wick high) and ~$10M up near 1.90, close to the old value area top.
My read: as long as 1.68 holds on 4h closes, I'd expect $TRUMP to have another go at 1.77, then 1.90. Lose 1.68 and all that fresh long OI is sitting on top of air back to 1.62. 👀
Real breakout or another meme pump that fades by the weekend?
NFA, just my chart notes.
Source: NanoTrading Fire chart (nanotradingclub.xyz)
#TRUMP #Memecoin #NanoTrading
The part I care about: OI on TRUMPUSDT jumped from ~19.1M to ~22.5M contracts on that breakout candle, so this was fresh positioning, not just shorts covering. Top traders are ~70% long (ratio 2.32), and the overall crowd keeps getting longer, 62% to 64% across the last three 4h reads. Funding is still mild at 0.005%, so it's not overheated yet.
On the NanoTrading Fire chart (4h), price is back above the POC around 1.68, and there are two fat liquidity clusters stacked right there near 1.68-1.69 (~$28M and ~$26M). Above, I see a ~$9M tag around 1.77 (the wick high) and ~$10M up near 1.90, close to the old value area top.
My read: as long as 1.68 holds on 4h closes, I'd expect $TRUMP to have another go at 1.77, then 1.90. Lose 1.68 and all that fresh long OI is sitting on top of air back to 1.62. 👀
Real breakout or another meme pump that fades by the weekend?
NFA, just my chart notes.
Source: NanoTrading Fire chart (nanotradingclub.xyz)
#TRUMP #Memecoin #NanoTrading
