Ah, Trump Coin—like some overenthusiastic Moscow theater actor, it burst onto the stage with a grandiose, impulsive flourish. But, alas, the applause is fading, and whispers of a political coup in price charts have begun to rustle ominously. Our beloved TRUMP seems perched precariously atop a local peak, teetering like Woland contemplating his next mischievous move.
Intriguing Technical Sorcery
- Bearish Retest of Value Area Low: The price now finds itself rejected faster than a failed poet at the Variety Theater, bouncing off a notorious resistance zone freshly marked by its own hubris.
- Climactic Volume Node: At the recent summit, a surge in volume as loud as crowd chaos in Patriarch’s Ponds signals buying madness may be reaching its curtain call.
- Confluence with 0.618 Fib & VWAP: The fragile rebound tiptoes along the mystical 0.618 Fibonacci retracement—a number whispered in secret meetings behind dimly lit tavern doors—paired with a stubborn VWAP anchored around $41, as if trying to hold onto past glories before the inevitable plunge.
After the bombastic rally, our Trump Coin has etched an ominous volume peak, a hallmark of exhaustion only rivaled by a balalaika playing its final lament. When such a crescendo is followed by a nominee’s poor acceptance speech—in this case, the failed attempt to push higher—it’s a clear sign the market’s patience wears thin.
The initial sell-off was met with a rebound stubborn as a Moscow mule, only to be blocked at multiple levels: 0.618 retracement, the former value area low—like a troupe stepping on their own tricks—and the anchored VWAP from the fateful $41 region where sellers first drew their weapons. Such respect for these barriers suggests price levels more sensitive than meeting Stalin himself.
Should the coin fail to leap back above this precarious confluence, or if it breaks the local low like a Soviet chekist breaking down the door, we may witness a new “lower low”—a bearish scene unfolding with the somber grandeur of a tragic opera. This would invite a grim march back toward the $9.30 level, a price so humble it might as well be begging for vodka.—\u043e\u043f\u0430\u0441\u043d\u043e
For those daring souls holding long positions, swallow your vodka and steel your nerves; the risks loom like a wolf in the snow. Without a decisive reclamation, the bears sharpen their claws and prepare for the hunt.
Cursed Outlook from the Shadows
If the stubborn rejection at that vexing value area low and the mystic 0.618 Fibonacci level holds fast, Trump Coin could be setting the stage for a full retracement—like a tragic hero slipping off his pedestal. Traders, keep your eyes peeled for a breakdown of the local low, heralding a bearish reprise sending prices skidding toward the humble $9.30 region. Many may laugh, but like Woland himself, the cruel joke is just beginning… 🃏
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2025-04-25 21:11