STRUMP - Could it present an incredible buying opportunity?Super Trump looks like more lower lows are ahead. Simplicity is key here. Don't worry about 100 different signals. Look at the core signals that work best for you. Mine are very simple and I know how to make them work and 'jive' together. Volume is bleak, all red. Blue trend line breach is unlikely. Hurst (time) cycles says that we're 1/2 way through a cycle which infers more down. The signals that would give me the highest confidence of a reversal are a few green bars on the volume, a blue trend line decisive break-out and a few more exchanges on-boarding this eclectic meme coin. I wouldn't bother, stay away. Follow and share for more.
STRUMPUSDT trade ideas
Will Trump win?๐ Technical Analysis of STRUMP/USDT ๐
Key price levels marked in green ๐ข and red ๐ด show potential "Winner" and "Loser" zones:
1๏ธโฃ Winner Zones (Resistance)
Break above 0.007312 could drive price higher ๐
Stronger resistance at 0.010810 to confirm uptrend ๐ผ
Higher targets at 0.017108 and 0.025640 ๐
2๏ธโฃ Loser Zones (Support)
First support at 0.004441; a fall below signals potential downtrend ๐จ
Further support at 0.003255 and 0.002162 ๐
๐ Channel & Trend Lines: Price is moving within a descending channel โก๏ธ Breakout from this could indicate a reversal ๐
Trading Strategy:
๐ If price enters green zones and breaks resistances, consider buying positions.
๐ If price drops into red zones and fails to hold support, selling or avoiding buys might be wise.