$TRUTH JUST SURGED 40% — BUT I’M WATCHING THE SELLERS NOW!
A rally this aggressive can create two very different opportunities: a genuine breakout or a sharp pullback that catches late buyers off guard. $TRUTH is trading around $0.0224, up more than 40% in 24 hours, with price recently reaching approximately $0.0231. Volume has expanded alongside the move, so this is not a setup I’d short blindly.
Here’s what matters to me right now: can buyers defend the breakout, or will momentum fade near resistance?
My SHORT setup — only if rejection confirms
Entry zone: $0.0225–$0.0236
TP1: $0.0200
TP2: $0.0180
TP3: $0.0160
Stop-loss: $0.02535
Why I’m cautious: TRUTH has a maximum supply of 10 billion tokens, while only around 2.08 billion are circulating. That means future supply expansion is a factor worth monitoring, even though it does not guarantee immediate selling pressure.
Bearish confirmation: A rejection near $0.0230–$0.0236 followed by a decisive move below $0.0220 would strengthen my pullback idea.
Bullish invalidation: If buyers break above $0.0236 and hold that level with strong volume, I would step back from the short thesis. A squeeze higher is possible.
My rule here is simple: no confirmed rejection, no rushed short. After a sharp rally, chasing either direction can be expensive. Let price reveal its next move first.
Are you expecting a pullback in $TRUTH , or do you think buyers have enough strength for another breakout?
#Binance #CryptoTrading $TRUTH
A rally this aggressive can create two very different opportunities: a genuine breakout or a sharp pullback that catches late buyers off guard. $TRUTH is trading around $0.0224, up more than 40% in 24 hours, with price recently reaching approximately $0.0231. Volume has expanded alongside the move, so this is not a setup I’d short blindly.
Here’s what matters to me right now: can buyers defend the breakout, or will momentum fade near resistance?
My SHORT setup — only if rejection confirms
Entry zone: $0.0225–$0.0236
TP1: $0.0200
TP2: $0.0180
TP3: $0.0160
Stop-loss: $0.02535
Why I’m cautious: TRUTH has a maximum supply of 10 billion tokens, while only around 2.08 billion are circulating. That means future supply expansion is a factor worth monitoring, even though it does not guarantee immediate selling pressure.
Bearish confirmation: A rejection near $0.0230–$0.0236 followed by a decisive move below $0.0220 would strengthen my pullback idea.
Bullish invalidation: If buyers break above $0.0236 and hold that level with strong volume, I would step back from the short thesis. A squeeze higher is possible.
My rule here is simple: no confirmed rejection, no rushed short. After a sharp rally, chasing either direction can be expensive. Let price reveal its next move first.
Are you expecting a pullback in $TRUTH , or do you think buyers have enough strength for another breakout?
#Binance #CryptoTrading $TRUTH