MAGA Update
Updated
Follow up trade idea after the last two days down. I've readjusted the bottom line slightly as I felt it didn't respect the liquidity grabs prior. Overall the crypto market is down and I think that TRUMP/USDT has followed suite. One key item to note:
The Trump/Biden debate became a sell the news event, crashing the price down some 10% on the day. The coin is showing weakness, and signals are mixed among the top 50 addresses. We are entering uncertainty, with the crypto fear and greed index registering at 40% (fear). Its often times likes these that large players start to cost average into positions. I'm expecting a flash-sale of bitcoin like its done multiple times in the past, and then having cash on hand to scoop up some meme coins like this one should offer some handsome returns.
Next 3 day prediction: Down, sideways at best.
Next 7 day prediction: Down, sideways at best.
Next 30 day prediction: Sideways
Next 90-120 day prediction: Up - if hype can build. But my guess is that hype comes sometime October or November.
The Trump/Biden debate became a sell the news event, crashing the price down some 10% on the day. The coin is showing weakness, and signals are mixed among the top 50 addresses. We are entering uncertainty, with the crypto fear and greed index registering at 40% (fear). Its often times likes these that large players start to cost average into positions. I'm expecting a flash-sale of bitcoin like its done multiple times in the past, and then having cash on hand to scoop up some meme coins like this one should offer some handsome returns.
Next 3 day prediction: Down, sideways at best.
Next 7 day prediction: Down, sideways at best.
Next 30 day prediction: Sideways
Next 90-120 day prediction: Up - if hype can build. But my guess is that hype comes sometime October or November.
Note
We had a break down of our stop loss at 6.60 and are currently waiting for a new bottom to establish. I still stand by my thesis that the 90-120 day range is up, especially if you can accumulate within the 3-5 dollar range. Ultimate stop loss needs to be set at 3.00 to mitigate severe losses during accumulation. I believe with the right political storm in the USA, trump coin will see new highs in the 20-30 dollar range. Lets see where we end up.Note
Looking forward to this Sunday to hear what Trump has to say as he speaks at the Bitcoin convention. Good chance this might see a small 5-10% bump, or 2x if he ever mentions his own meme coins.
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