What’s up, I bring you the latest move of $TRUMP, that memecoin that leaves no one indifferent. Hold on tight because the story is good.
Here’s the point: a big fish, one of those whales that move the market, got off the $TRUMP boat at a... strategic or panic moment? The guy, who had 407,427 tokens, let go of almost 4 million dollars in the play, assuming a brutal loss of $1.37 million. It seems the play didn't work out for him! 🤯 The million-dollar question is: why did he get off just when the price was brushing $10? It looks like the guy got scared and thought it wasn't going to go up anymore.
But the thing doesn't end there. While some flee, others see an opportunity. It turns out that the liquidations of short positions (those betting that the price will drop) tripled, which means that the bears are getting a beating, and that liquidation pressure is pushing the price up. Those leveraged traders from Binance, OKX, and HTX who tried to play smart are now suffering, and their pain is becoming fuel for the rocket. 🔥
So, what should we look at? The next key level is $10.12. If $TRUMP manages to break that resistance, a crazy short squeeze will happen. Once that mark is surpassed, the shorts will have to close their positions, buying massively, and that could catapult the price up to $11.24 or even $13.06. So, the play of the "fish" that ended with losses could actually be the fuse that ignites the party for those who stayed. 🚀
This is not a simple rebound; it’s a battle between those who believe the ceiling is near and those who are betting on a new rally. And the market, as always, has the final word. The question is: will the bulls be right this time? 👀
You have to stay alert because the next few days will define whether this drop is a springboard or just a scare. $TRUMP
