Here i drew this, the above image. where you can see two red boxes followed by a black line with a big arrow towards the top, what it means? and this chart what youre seeing is quite new where no one does it quite the way i do,
The TRUMPUSDT 1-hour chart shows a clear bearish trend, with price steadily declining from the $26-$25 range to its current level around $15-$16. Volume profile analysis indicates that the Point of Control (POC) has shifted lower, suggesting that sellers remain dominant, with significant distribution occurring at higher levels. The major sell-off around February 15 led to a consolidation phase before another breakdown, with high-volume nodes (HVN) around $23-$22 acting as resistance, preventing any sustainable rebound. A noticeable low-volume node (LVN) gap exists between $18-$17, which means price could move quickly between these levels. Currently, price is sitting near a low-volume area, indicating a potential expansion move soon. If sellers continue to dominate, further downside toward $14.50 or even $13.50 is likely, as there is no strong support below. However, if buyers step in at the $15 support zone, a relief bounce to $16.50-$17 could occur, with a breakout above $18 leading to a retest of $19-$20. The market remains bearish unless price reclaims $18+ with strong volume, making $14.50 a critical breakdown zone and $18 a key resistance for any reversal. Overall, sellers are in control, but watch for signs of demand at key support levels for major reversals, NOW, will i get a big candle? Ah Yees! you will get that!
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.