TRUMP Forming Major Reversal Within Bullish Wave Structure

4 May

TRUMPUSDT has completed a substantial corrective phase, culminating in a pronounced low within a high-probability buy-back zone between 8.25 and 9.81 This accumulation area aligns with critical Fibonacci retracement levels and historical structural support, suggesting the end of a major wave cycle likely Wave 2 or Wave B.

Current price action signals the emergence of a new impulsive phase, with price initiating a potential Wave 3 advance. Immediate resistance resides around 16.43–16.51, a key internal supply zone. A confirmed breakout above this area would validate the bullish continuation, opening the path toward the external supply region near 45.65.

If the bullish momentum sustains beyond that, higher Fibonacci expansion levels project extended targets toward the 87.90 zone consistent with the terminal points of a larger Wave 5 within the macro Wave formation.

Maintaining structural integrity above the key demand zone is essential to uphold the bullish thesis. Failure to defend this zone could expose the market to deeper corrective retracements.

However, as long as price remains above 7.14, the bias remains favorably bullish with clearly defined invalidation levels and high-reward potential.

12 May

İşlem aktif

Trump forming a classic cup and handle formation