Trump, the MIM currency that has gained attention after the Trump dinner, which has been discussed a lot, is facing difficult prices in recent days. The symbol has lost traction, with prices sliding and the downward feeling that infiltrates the market.
With the continued price struggle, the possibility of an additional decrease now exceeds any possible recovery, leaving merchants in a risky position.
Trump traders face losses
Trump’s liquidation map reveals data related to traders. Nearly $ 31 million of short contracts is at risk of liquidation if the Trump price increases to $ 14.52. This is a decisive threshold for short pants, where their positions will be filtered if the price increases beyond this point.
The demand for low prices indicates that many investors no longer believe in the possibility of achieving more gains. Instead, they put themselves for a decrease in the price, indicating a decrease in optimism in the short -term expectations of Trump.
At the macro level, technical indicators draw a landmark of Trump. The RSI index (RSI) has recently slipped under the score of 50 neutral, indicating a shift to the landing zone. This decrease in RSI indicates that the Trump price is vulnerable to more downward pressure if the negative momentum strengthens.
As the relative strength index continues in the direction, Trump is increasingly vulnerable to low prices. The inability to restore the bullish momentum leaves the distinctive symbol in an unstable state, with the possibility of more losses if the current direction continues.
Trump price is waiting for a recovery
At $ 12.65, Trump is currently struggling with no climbing momentum. Despite the noise surrounding the Trump dinner, the distinctive symbol has decreased by almost 15 % since the event, indicating that the market has failed to maintain its previous enthusiasm.
This decline reflects the broader doubts about the future performance of the distinctive symbol.
In order for Trump to recover, you will need to see a large gathering, which requires an increase of approximately 15 % to reach $ 14.53. However, given the current market conditions and the broader feeling, it seems difficult to achieve this level.
Instead, Trump can likely penetrate his current support at $ 12.18, which leads to an additional decrease to $ 10.97.
However, if there is a sudden transformation in demand led by new investors, Trump may see an increase. The strong batch of $ 13.36 can exceed the way to a height of $ 14.53, which leads to a $ 31 million liquidation of short centers.
Such a step would cause great fluctuations in the market, which may provide a sharp recovery for Altcoin.
Disintegration
In line with the guidance of the confidence project, this price analysis article is for media purposes only and should not be considered financial or investment advice. Beincrypto is committed to accurate and unbiased reporting, but market conditions are subject to change without notice. Always perform your research and consult with a professional before making any financial decisions. Please note that the terms, conditions, privacy policy have been updated and the evacuation of responsibility.
