Family, today let's have a good chat about the recent rise and fall of Trump Coin ($TRUMP). The market dynamics have been ever-changing lately, and the related information is quite diverse; it took me a lot of effort to sort it all out for you.
Trump Coin is classified as a 'Meme Coin,' and compared to mainstream cryptocurrencies like Bitcoin and Ethereum, its volatility is extraordinarily high. Many retail investors are now engaging in leveraged trading, which exacerbates the risk of liquidation, with a liquidation amount reaching as high as 47 million dollars in just 24 hours—this number is indeed alarming.
Now let's talk about the emotional contagion effect. When Trump casually posts something on social media, like a 'buy signal,' the coin price can instantly surge. But if subsequent policies reverse, it leads to a frenzied sell-off, and the price takes a 'roller coaster' ride—it's stimulating, but be careful if you have a weak heart.
From an operational advice perspective, short-term investors can focus on the resistance level at 12 dollars. If it can break through with volume, we should decisively follow up; if it can't push higher, set a stop-loss at 9.5 dollars to protect the principal, which is key.
Now let's discuss the upside potential. If Trump wins the election and promotes the 'National Digital Asset Reserve' plan, the coin price may benefit from policy dividends and hit historical highs; the possibilities here are quite large.
To put it simply, Trump Coin is essentially a product of political sentiment and speculative funds coming together; its trend relies almost entirely on Trump's personal influence and policy direction. Today, my operational plan for you is to enter a long position around 11, aiming first for 11.310, and then further at 11.790. I believe it has a good chance of breaking through 12 dollars. However, the market is unpredictable, so please be extremely cautious during operations, pay close attention to relevant news, and adjust your strategy in a timely manner. #TRUMP