$TRUMP Whale makes a massive ambush appearance! Is 9.3 the bottom or a trap?
MACD underwater death cross, MA moving averages pressing down, volume shrinks to nothing—Does TRUMP want to rise today? Difficult!
1. Technical latest aspects show bears in control!
1. Clear moving average pressure: MA5 and MA10 form a death cross, price is suppressed below 10.0, currently fluctuating around 9.6, with 10.2 above being the dividing line between bulls and bears.
2. MACD indicator is bearish: MACD underwater death cross, green bars continue to expand; if DIF and DEA keep diverging, may test the 9.3 support.
3. Insufficient volume: Actual trading volume is 4.8 million, below the daily average of 5.5 million; shrinking volume during the decline shows strong market wait-and-see sentiment.
2. The latest on-chain aspects reveal three key pieces of information!
1. On-chain data: Large transfers have increased, whales are placing buy orders in the 9.3-9.8 range.
2. Market sentiment: Influenced by the U.S. elections, volatility may intensify.
3. Contract data: Bears account for 60%, funding rate -0.01%.
Caution! TRUMP is now like walking on a tightrope; will you choose to wait and see or prepare to bottom fish?
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