$TRUMP/USDT

Current Price: 7.95
Target Price:

- TP1: 8.25 (Fibonacci 38.2% extension level)
- TP2: 8.50 (neckline breakout level/Fibonacci 61.8% extension level)
- TP3: 8.80 (Fibonacci 261.8% extension level)
Stop loss price: below 7.70

Reason for Purchase:

1. Shape Confirmation:
- The daily level has formed a "double bottom" breakout pattern (lasting 12 trading days), with the neckline at 8.25.
- Measure of increase = Bottom depth × 1.618 = 0.35 → Target price 2 = 7.70 + 0.35 = 8.05 (actual rounded to integer 8.50)
2. Trend Structure:
- Weekly level breaks the descending trendline (connecting the Q3 2024 high points), price stands above MA(50) 7.80
- The short-term trend is upward, the middle band of the Bollinger Bands has moved up to 8.00
3. Potential Breakthrough:
- Breaking above 8.25 opens up upward space to 8.80+ (Fibonacci 261.8% extension level)
- If a valid breakout occurs, it may trigger a 2.0x leverage contract liquidation.
4. Indicator Verification:
- RSI(14)=65 (neutral to bullish), MACD red bars expand, double line golden cross
- The OBV indicator has reached a new 15-day high, indicating capital inflow.
- The trading volume must reach 2.5 times the daily average at the time of the breakout.

Key technical features:

- Morphological parameters:
- Double bottom spacing: 12 trading days (daily line)
- Neckline: 8.25 (connecting the two bottom highs)
- Fibonacci Extension:
- 8.25 = (7.70 → 8.05 increase) × 0.382 + 8.05
- 8.50=(7.70→8.05 increase)×1.618+8.05
- 8.80 = (7.70 → 8.05 increase) × 2.618 + 8.05
- Wave structure:
- Wave 3 main upward wave: 7.70→8.80 (target price 3)
- Currently in wave 3 of sub-wave 3 (8.05→8.80)

This content is for reference only and does not constitute investment advice.