đ $TRUTH BULLISH STRUCTURE, BUT DONâT CHASE THE PUMP
My bias on $TRUTH remains bullish, but after that aggressive 10% pump and sharp wick retrace, Iâm expecting volatility and potential liquidity grabs before the next sustainable move.
Hereâs what Iâm watching:
đ The bigger picture
* 1H, daily, and weekly structures remain bullish.
* BTC is also showing bullish structure.
* RSI is near 70, with a spike in relative volume.
* The sharp retrace suggests late longs may be vulnerable to another shakeout.
đ Potential long-entry zone: $0.01675â$0.01535
Ideally, I want to see a liquidity sweep below $0.01675 into the $0.01535â$0.01550 area, followed by a bullish engulfing candle or a lower-timeframe market structure break to the upside.
đŻ Upside targets:
* $0.01816 â TP1
* $0.01903 â TP2
* $0.02043 â potential retest of the post-pump high
â ïž Invalidation: A 1H close below $0.01395 would invalidate the bullish setup and signal a potential trend reversal.
My plan: Iâm not chasing price up here. Iâd rather wait for a proper liquidity grab and confirmation at demand than become exit liquidity for earlier buyers.
If $TRUTH keeps grinding higher without a pullback, Iâll reassess near $0.019 and the previous highs for signs of exhaustion.
My bias on $TRUTH remains bullish, but after that aggressive 10% pump and sharp wick retrace, Iâm expecting volatility and potential liquidity grabs before the next sustainable move.
Hereâs what Iâm watching:
đ The bigger picture
* 1H, daily, and weekly structures remain bullish.
* BTC is also showing bullish structure.
* RSI is near 70, with a spike in relative volume.
* The sharp retrace suggests late longs may be vulnerable to another shakeout.
đ Potential long-entry zone: $0.01675â$0.01535
Ideally, I want to see a liquidity sweep below $0.01675 into the $0.01535â$0.01550 area, followed by a bullish engulfing candle or a lower-timeframe market structure break to the upside.
đŻ Upside targets:
* $0.01816 â TP1
* $0.01903 â TP2
* $0.02043 â potential retest of the post-pump high
â ïž Invalidation: A 1H close below $0.01395 would invalidate the bullish setup and signal a potential trend reversal.
My plan: Iâm not chasing price up here. Iâd rather wait for a proper liquidity grab and confirmation at demand than become exit liquidity for earlier buyers.
If $TRUTH keeps grinding higher without a pullback, Iâll reassess near $0.019 and the previous highs for signs of exhaustion.