Let’s examine the insights shared by our Technical Analyst at UseTheBitcoin as he walks us through his personal trading approach and observations on the crypto market.
Trump’s Official Coin Is On the Move Again
Trump’s official memecoin is making headlines once more, surging by nearly 60% after a major announcement caught the crypto community by surprise.
According to their team, the top 200 investors of this token will receive an exclusive invite to dine at the White House with the president himself. Yes, you heard that right — a presidential dinner for meme token holders.
Naturally, this jaw-dropping move sparked massive hype in the market. The coin rallied hard as investors rushed to get in before the next pump. However, let’s take a step back and examine the technicals.
Since the 1-day timeframe does not yet offer much historical data, we zoomed in on the 4-hour chart. From what we can see, the price has broken through all the moving average ribbons, a strong indication that momentum is heavily in favor of the bulls, at least for now. This breakout, powered by hype and news-driven momentum, signals short-term strength. But is it sustainable?
That is where things get tricky.
If you are planning to invest in TRUMP, do not rush in blindly just because of the excitement. Remember what happened last time? The same memecoin shot up in value after a massive promotion, only to crash dramatically when big players pulled out. Many retail traders who got caught up in the FOMO were liquidated, learning the hard way that not every pump lasts.
That is why we are not saying “don’t buy” — we are saying be smart about it.
The best strategy here is not to ape in at the top, but to dollar-cost average (DCA) your way in. That means dividing your total investment into smaller portions and entering the market at different price levels. This helps you manage risk and provides better entry points in case the hype dies down, which it usually does with memecoins.
Here’s a suggested DCA plan:
- First buy: $12
- Second buy: $11
- Third buy: $10
This approach allows you to average down your entry price and provides you with room to maneuver if volatility arises. However, do not forget also to set a cut-loss point — ideally, when the price falls back into its previous downtrend consolidation zone. Having a risk management plan is just as important as timing your entry.
And here’s something crucial to remember: the TRUMP coin thrives on hype. Once the news fades and the buzz disappears, price action can stall — or worse, reverse sharply. If you get caught in the hype and don’t manage your risk, you might end up trapped in a position with little chance to recover. That’s why we always say: Only invest what you’re willing to lose. Especially in speculative assets like this one, capital protection is the primary concern. While the opportunity to dine with a former president might be fun to think about, it’s not worth risking your entire portfolio for a chance at a viral pump.
Stay sharp, trade smart, and always take a step back before making a move. Let the hype work for you, not against you.
Final Thoughts
For more in-depth technical analyses like this one, make sure to subscribe and hit the notification bell on UseTheBitcoin’s YouTube channel. We post daily videos covering the crypto markets, so don’t miss out!
Additionally, join our Telegram community to discuss the latest market trends, share insights, and get real-time updates from experienced traders. Don’t miss the chance to be part of the conversation!
