🔥 I wasn't expecting TRUMP to look this good after such a lengthy decline, but these 4H candles say otherwise
$TRUMP USDT is up 3.18% today at $1.427 ,
and the distance to $1.431 24h high after trading as low as $1.369 is about 4.5% per day, with turnover of $774.68K, which is a decent amount, but liquidity remains limited, so we can expect large price swings
What drew my attention is the rebound from the $1.366 area. Buyers have pushed price back above MA7 at $1.395 , with EMA7 at $1.403, MA14 at $1.404 and EMA14 at $1.412, while the latest bullish candle has shown increased volumes, currently at 113.82K against the MA5 of 91.08K and MA10 of 80.80K. However, there is a more critical level to watch as the $1.431-$1.447 resistance area is expected to provide the necessary sell-off pressure, particularly with EMA28 at $1.433 and MA28 near $1.447. Therefore, the next significant move above $1.458 could come into focus, followed by the previous $1.488 high is conditional upon the buying interest at the indicated level. Meanwhile, the short-term support area is anticipated between $1.412 first, then $1.403 -$1.396.
In my opinion, the volume confirmation is crucial in this scenario, although the rebound from the lower end appears more plausible, so we will have to wait for higher volumes on the long setup before confirming any trend reversal.$TRUMP
$BTC