The 'Final Sprint' Effect of the Don Wang Dinner Event. How Retail Investors Can Board Don Wang's Sightseeing Bus!!
The official event 'Win a White House Dinner by Holding Tokens' will end on May 12,
with only 17 days left until the deadline. On-chain data shows that the threshold for the top 25 holders has risen to 4,000 TRUMP (approximately $54,000), and rankings are updated in real-time.
This 'limited-time purchase' mechanism may trigger both retail investors to follow suit and large holders to support the price, pushing it to continue rising tonight.
However, caution is needed as some investors may sell off to take profits as the event concludes, especially if the top 25 large holders lock in profits early, which could cause a short-term pullback.
Signals of Whale Address Movements
Recently, there have been multiple large transfers on-chain: one address transferred 1.97 million TRUMP (approximately $7.5 million) to Binance, suspected to prepare for a sell-off.
Another whale bought 630,000 TRUMP for $5 million at an average price of $7.93, indicating some funds are optimistic about a short-term rebound.
This contradictory pattern of 'large holders offloading + new funds entering' could lead to significant volatility in the price range of $13-16 tonight.
Cross-verification of Technical Indicators and Market Sentiment: Conflicting signals of overselling and sell signals coexist: The technical indicators for TRUMP/BTC show strong sell signals,
but the RSI (45.78) and Williams % R (-82.91) have entered the oversold zone, indicating a possibility of a rebound. Support and Resistance Levels: Short-term support level: $13 (today's opening price). Key resistance level: $15.84 (April 23 peak).
If the price breaks above $16.64, it may initiate a new upward trend; conversely, a drop below $13 may trigger stop-loss orders.
Short-term Traders: Can take advantage of market enthusiasm before the event ends, buying high and selling low in the $12-16 range, but must set stop-losses (e.g., exit if it drops below $11).
Long-term Holders: If optimistic about Trump's political influence, may accumulate in batches, but should be cautious of unlocking and regulatory risks in May.
I am Uncle Jie, skilled in short to medium-term contracts and medium to long-term spot strategies. Detailed strategy teaching points @Uncle Jie
