Bitcoin Daily Double Top confirmed wait for more fall!
As we mentioned before the neckline of this Double top was 92K$ support zone and we were looking for breakout and now the Double Top formed well and market can get bearish soon.
Also major Resistance now is 90K$ to 92K$ resistance zone because resistance of 0.61% Fibonacci level of phase two dump is there.
We may have a retest of neckline breakout and only if this resistance remain valid then we are in bear market and we are looking for more dump and targets like 72K.
Trade at your own Risk 👍 Best Regards, Trade Cryptocurrency Stay Tuned for Further Updates.
Bitcoin Daily Double Top confirmed wait for more fall!
As we mentioned before the neckline of this Double top was 92K$ support zone and we were looking for breakout and now the Double Top formed well and market can get bearish soon.
Also major Resistance now is 90K$ to 92K$ resistance zone because resistance of 0.61% Fibonacci level of phase two dump is there.
We may have a retest of neckline breakout and only if this resistance remain valid then we are in bear market and we are looking for more dump and targets like 72K.
Trade at your own Risk 👍 Best Regards, Trade Cryptocurrency Stay Tuned for Further Updates.
I’ve noticed many of my followers have invested in $TRUMP meme coins, so I felt it was necessary to share an update.
👉 First off, I don’t endorse any meme coins because I prefer safer investments for my followers. However, since many of you hold $TRUMP, let’s dive into the analysis!
📉 Current Market Trend
On the daily timeframe, the coin is in a downtrend, but we’re seeing some small green candles, signaling buyers stepping in.
🔹 Market Structure:
The price dipped significantly, found support, and then attempted a rebound.
However, it failed to break above the previous rejection level and dropped lower.
This means buyers are present but not strong enough to push the price up significantly yet.
📈 What’s Next? Possible Scenarios
1️⃣ Bullish Scenario:
If buying pressure increases, we could see a rally upwards, with some corrections and consolidation along the way.
Signs to watch for: A strong bullish candle closing above recent highs.
2️⃣ Bearish Scenario:
If buyers remain weak, the price may dip further before finding stronger support.
DCA (Dollar-Cost Averaging) could be a good strategy for those already holding.
⏳ When Should You Buy?
Wait for confirmation! Don’t just buy because the price is low.
Look for a strong bullish close above previous highs before entering a trade.
If the price dips further, consider DCA to lower your average buying price.
🎯 My Final Advice
If you’re holding from higher prices, patience is key— Trump could rise to $30-$40 in the coming months.
However, once you recover your investment, consider taking profits and moving into projects with real use cases.
If you’re new, prioritize education, spot trading, and mastering a solid strategy before using leverage.
📢 What do you think? Will $TRUMP rebound? Drop your thoughts below! 👇