The encrypted currency trading industry has been described as a high -risk and highly rewarding industry as investor trading skills, market performance and many other factors play an important role. One of the traders of cryptocurrencies and his experience completely explain this position. The person achieved $ 22.7 million in Trump at the beginning, but the second deal ended with a loss of $ 8.48 million. how? Let’s discuss.
A snake trip for cryptocurrencies with Trump currency
The current US President, Donald Trump, launched the official Troump, which has soon become common among cryptocurrencies. Even some of the first adopters, including this cryptocurrency trader, made millions of profits. However, the second decision made by the trader to re -invest in the currency was wrong.
According to Lookonchain X Publisher, The person first bought 1.03 million Trump at only $ 1.79. After a huge rise, the trader sold all these symbols at $ 23.84, achieving a profit of $ 22.7 million. In this way, Trump’s first investment in Millions has led millions. The merchant re -invested the same symbol, as the individual bought 309,514 Trump, equivalent to $ 16.7 million.
However, the price of the Trump Meme currency decreased amid the pressure of the sale. As a result, the cryptocurrency traveler is now facing a loss of $ 8.48 million, amid 70% of the collapse of the encrypted currency market by Trump.
Losses and profits are common in cryptocurrency industry. Critics are concerned about Trump’s performance and constant unification. More importantly, despite its association with the American president, the mimic currency has become a victim of fluctuations, which raised doubts about its recovery.
Trump’s currency may be recovered if that happens
Within a few hours of its launch, Trump’s currency has become one of the most common digital currencies. On the same day, he reached his highest price at 75.35 dollars before entering the cohesion and full downward trend.
During the week, the Trump price decreased by 50%, and is currently being traded at $ 26.16. Its market value is $ 5.23 billion and a trading volume of $ 3.64 billion, a decrease of 26 % during the past 24 hours, indicating a decrease in investor interest.
However, the Trump -titled Mode is located near the horizontal support line of $ 25.35. If buyers increase and defend this level, a bullish trend may form, pushing the distinctive symbol to the main resistance level at $ 30.39. This is a domestic rise, so the move in the past will ensure the full reflection of the declining direction, as the following resistance is in line with the Fibonacci 0.5 correction at $ 39.43 or higher.
However, bullish momentum can completely excel, so investors can see more major levels at $ 43.44 USD and $ 48.4 and the highest price at $ 77.77 depending on the Fibonacci extension. However, if the symbol fails during the integration stage, it may continue to decrease.
The main things to be remembered from this post
The recent movements made by the cryptocurrency tracker highlighting the volatile fluctuations in the inherent cryptocurrencies. The trading clouds in his profit and loss highlight the fluctuations in the encrypted currency market. This happened when Trump entered a complete declining direction, as it lost 70 % of its value since ATH, which was identified eight days ago. The distinctive symbol is currently trading at $ 26.16, but it may rise to $ 77.77, based on the Fibonacci extension.
However, it is necessary to note that the journey may take place or not completely in line with the specified extension. Investors must do their best to ensure minimal risks in their investments.
Bouja Khadia
Thanks to her profound passion for reading and five years of experience in writing content, Poja is now focusing on formulating popular content about the encrypted currency market. As a journalist specializing in encrypted currencies, Pooja is constantly looking for common topics and useful statistics to create convincing articles for encrypted currency lovers. Considering the latest trends and developments in this field is an integral part of its daily routine, which enhances the commitment to provide insight and timely coverage.
Responsibility: The content of the author may include the author’s personal opinion and subject to the state of the market. Do market research before investing in encrypted currencies. The author or post does not bear any responsibility for your personal financial loss.
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