TRUMP is currently around 5.398. On the 4-hour chart, it has already encountered resistance from the MA6 moving average. The RSI just crossed below 50 and has started to decline, which is not a very good signal. More importantly, the volume during this rebound is average and has not exceeded the 10-day moving average, indicating limited market participation. From the main force's performance, this appears to be a short-term support move and does not show any intention of a substantial rally. Once the rebound momentum weakens, the upward correction is likely to come to an end. When technical indicators go against the trend like this, the risk-reward ratio is not very favorable, so caution is advised.
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MoonWaterDroplets
· 1h ago
Protecting the market just for the sake of protection, since there's no real money involved in this wave, wait for the decline to buy in again.
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ForkThisDAO
· 01-08 06:59
Trying to support the market is just a joke, they're actually trying to trick retail investors into catching the falling knife.
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blockBoy
· 01-08 06:59
Market support is being built up, but the rebound is weak. Let's just forget about this wave.
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InfraVibes
· 01-08 06:46
Even the market can't be protected, what else can we expect? It feels like this wave is just a final desperate struggle.
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MEVHunterZhang
· 01-08 06:42
Can't even hold the market, with such weak volume, still expecting a rebound? Laughable.
TRUMP is currently around 5.398. On the 4-hour chart, it has already encountered resistance from the MA6 moving average. The RSI just crossed below 50 and has started to decline, which is not a very good signal. More importantly, the volume during this rebound is average and has not exceeded the 10-day moving average, indicating limited market participation. From the main force's performance, this appears to be a short-term support move and does not show any intention of a substantial rally. Once the rebound momentum weakens, the upward correction is likely to come to an end. When technical indicators go against the trend like this, the risk-reward ratio is not very favorable, so caution is advised.