Crypto trader Ali has caught the attention of TRUMP coin followers with an analysis suggesting the meme coin could be gearing up for a significant price rebound.
A popular crypto trader known as Ali has shared his analysis on TRUMP coin, suggesting that the meme coin might be setting up for a significant price rebound. Ali's analysis is based on technical signals, specifically the TD Sequential indicator, which is used to identify potential trend changes.
On the daily chart of TRUMP/USDT perpetual contract, Ali highlights a crucial “9” signal, marked by a green arrow on the chart. This technical marker, in the trader's opinion, indicates that the selling pressure might be losing steam. The candlestick patterns near the support level also show smaller bodies, which could indicate a potential shift in market sentiment and a pause in the downward momentum.
If the bullish scenario plays out, TRUMP could see a price recovery targeting resistance levels around $29-$30, based on Ali's analysis. However, the trader adds that traders should look for additional confirmation, such as a green daily candle with increasing trading volume and the broader market conditions also remaining favorable.
The chart demonstrates potential resilience, with recent price action showing buyers stepping in at key support levels, creating longer wicks on the candlesticks, which could indicate strong buying interest. At the same time, the crypto market is inherently unpredictable, and no technical signal can guarantee future performance.
Those interested in trading TRUMP are advised to do so with careful risk management. While the TD Sequential buy signal provides an optimistic technical perspective, successful trading involves considering more than just indicator-based decisions. Market sentiment, broader crypto trends, and fundamental factors all play crucial roles in shaping the price movements of any asset.
Ali's analysis offers an interesting perspective on the potential movement of TRUMP coin. Whether the coin will break out of its current range remains to be seen, but the technical indicators certainly suggest an interesting opportunity for those traders who are closely following this meme coin.
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