TRUMP plunges 21.0% — what signals did the order book give?
Another wild-coin-level candlestick. Here are the numbers: TRUMP $1.25, down 21.0% in 24h, trading volume $20 million, volume ratio 2.7.
One thing I have to point out: daily trading volume is only $20 million. With liquidity this thin, the candlestick is basically just for show—the cost of market manipulation is lower than you think.
Don’t ask where the bottom is; I don’t know either. Support at $1.47 (already broken) needs to hold before we can talk about a rebound. If it doesn’t, $1.35 is next. Resistance is at $1.92; if it can’t rebound past that, it’s an exit point.
Ask about levels in the comments and I’ll reply when I see them. Same time tomorrow night—we’ll compare notes. You in?
The above is my personal observation of the market and does not constitute trading advice. DYOR.
$TRUMP #TRUMP #BTC #MarketMoves
Another wild-coin-level candlestick. Here are the numbers: TRUMP $1.25, down 21.0% in 24h, trading volume $20 million, volume ratio 2.7.
One thing I have to point out: daily trading volume is only $20 million. With liquidity this thin, the candlestick is basically just for show—the cost of market manipulation is lower than you think.
Don’t ask where the bottom is; I don’t know either. Support at $1.47 (already broken) needs to hold before we can talk about a rebound. If it doesn’t, $1.35 is next. Resistance is at $1.92; if it can’t rebound past that, it’s an exit point.
Ask about levels in the comments and I’ll reply when I see them. Same time tomorrow night—we’ll compare notes. You in?
The above is my personal observation of the market and does not constitute trading advice. DYOR.
$TRUMP #TRUMP #BTC #MarketMoves