- Official Trump showed signs of forming a short -term range of $ 12.2.
- The OBV showed that the sales pressure had begun in recent hours.
The short -term performance of the official Trump [TRUMP] has not been inspiring. Since reaching the local resistance around $ 12.5 on March 15, Trump withdrew by 10.55% and traded at $ 11.19 at the time of the press.
Monday will see the tendency to see raised volatility and can set the tone for the price trends of the week. Ambcrypto investigated the liquidation heats of official Trump to understand what the following short trends could be.
Is Trump a range under $ 12.2?
Source: Trump/USDT on TradingView
Based on the downward movement from $ 13.88 to $ 9.54 earlier this month, a set of Fibonacci retracement levels was turned off. They showed that the retro level of 61.8% was $ 12.22.
This level had resisted the past four days.
The Memecoin has not set a convincingly higher high, and the BBV also not. Together they showed that the buyers had no strength. The $ 10.2 was a good level of support in the past week in the past week.
It could be tested again, which leads to a reach formation for the official Trump.
The choppiness index has fallen in recent hours to show that there was a trend. The DMI differed in his findings, which shows that there has been a strong bullish trend since 13 March.
Unless the OBV goes higher, the upper trend would probably remain in the short term.
If the level of $ 10.2 is tested again in the coming days, but cannot be defended as support, the levels of $ 9.54 and $ 8.52 were the next Bearish price targets.
The liquidity bags in the south seemed to have strength. Especially the areas of $ 10.9- $ 11 and $ 9.8- $ 9.9 were strongly shaded on the heat.
This reflected a higher concentration of liquidation levels that could attract prices for them.
These were the price objectives in the short term. In the north, the region of $ 12.5- $ 12.7 could also attract prices, but this would probably not take place in the short term.
Traders can wait for a move to $ 10.9 and $ 9.9 before they evaluate whether a bullish reversal is likely.
Disclaimer: The presented information does not form financial, investments, trade or other types of advice and is only the opinion of the writer
