🔥 Hi friends! HUGE UPDATE ON TWT. Trust Wallet added cross-chain swaps. Now coins from different blockchains can be exchanged within the wallet directly.
📊 WHAT IS A TRUST WALLET AND ITS LONG-TERM OPPORTUNITIES?
Trust wallet is a non-custodial wallet which is 4-year partner of Binance. As you already understood, all altcoins related to this crypto exchange are "guaranteed" to grow.
🔻TWT started to grow after the FTX collapse. A lot of traders start to transfer money to non-custodial wallets such as Trust Wallet, MetaMask, SafePal.
✅ CEO of Binance said that TrustWallet is the most downloadable wallet in the world. We can easily monetize it by adding a small fee for transactions within the wallet.
It is a good fundamental precondition to grow because Binance continues to invest in TWT. Maybe, it become the MAIN product of the Binance team in 2-3 years.
📊 TECHNICAL ANALYSIS
Now the price break the huge triangle and make +150%. Now I expect the pullback. The main precondition to pullback are the huge volumes at highs. There are always a pullback after such growth.
✅ THE BEST PLACE TO LONG TWT:
🔥 $1.23 - important key level and order flow
🔥 $1.65 - local high and the key level
🚩 You will be lucky to buy TWT at such levels. These 2 key levels is HUGE support, because we use the higher timeframe (1W) to analyse the chart.
If the price doesn't return to the key level, I will make the updates with local scenario and the best place to open a trade on lower timeframes.
🔥MY TARGETS FOR TWT:
1. $2.7 - the local high and resistance
2. $8-9 - the mid-term(!) target according to global triangle height
Traders, is this idea useful for you? Write your thought about TWT in the comment! Does it have a chance to reach $10 in a 1 year?
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.