- TRUMP crypto flapped its wings all the way to the top gainers’ list, but the Moving Averages are wagging their fingers like a cross old nanny—there’s barely enough technical support to hold this wild balloon up!
- Spot traders are sneaking out the back door, giving TRUMP a gentle shove toward those low-liquidity puddles where escape is much easier (and the mud excellent).
Official Trump [TRUMP] managed to gobble up a tasty 13% gain in the last 24 hours, wobbling itself onto the list of top market jumpers.
The crowd cheered. The asset puffed out its chest. But beneath the parade, a rather suspicious smell of reluctance lingered in the market air.
To put it bluntly—no one’s lighting fireworks expecting this pacaderm to take flight.
Moving Averages Throw Wet Noodles at the Parade
No sooner did TRUMP fluff up its feathers than the indicators started raining cold mashed potatoes on the festivities. Enter the fearsome Moving Averages Ribbon:
an unruly pack of 20, 50, 100, and 200-day lines that run around together like a gang of schoolboys deciding which way the trend is heading.
When the little ones (20 and 50) weasel under the big ones (100 or 200), traders take cover under their desks—a sign of robust, stinky selling pressure.
When the little chaps climb over, everyone gets jolly and starts buying sandwiches.
At present, both the 20 (purple) and 50 (blue) sat on the naughty step below the MA 100, which, translated from technical gobbledygook, means: “Brace yourselves, sellers are here!”
Astonishingly, this chaos follows a boisterous 16.89% pump in just 48 hours—enough to make anyone’s monocle pop out.
And if you thought that was the end of the gloom, hang onto your top hats—there’s more.
Traders Abandon Ship (and Take Their Spoons)
Angst and apprehension spread across the market faster than a bad smell in a lift.
Sentiment soured in the derivatives market. The Open Interest Weighted Funding Rate tripped and fell to -0.0069%, a number sure to make any bull weep into his spreadsheet. Sellers seem to have taken over the playground.
🌪️
Meanwhile, in the spot market, more traders are offloading TRUMP than you can say “Make Crypto Great Again.”
Over two days, sneaky hands have sent 5.56 million TRUMP slithering to exchanges, worth around $4.41 million (and that’s not counting the $1.15 million currently still clogging the pipes).
When you see everyone running for the doors, it’s rarely for the free biscuits.
Most traders don’t seem interested in holding their TRUMPs for more than a cup of lukewarm tea.
If the selling snowball keeps rolling, the price may soon end up flatter than a pancake run over by a bus.
Liquidity Clusters: Where the Gold (and Trouble) Lies
Gentle reader, AMBCrypto’s detectives discovered enormous puddles of liquidity lurking below the current price on the Liquidation Heatmap—
humming and glowing like radioactive jelly. These clusters have the irresistible allure of forbidden sweets to a hungry schoolchild.
And just like that, prices might be dragged downwards, magnetically sucked into these zones to clean out all the overleveraged traders.
So, next time you spot a rally taking off with the grace of an overweight goose, maybe ask whether those liquidity puddles below are waiting to gobble everything up. 🦆💸
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2025-05-09 00:06