What is $TREND?
According to market data, $TREND is a meme-inspired crypto token with a full supply of roughly 10.5 B and several risk flags noted on CoinMarketCap โ meaning traders should use caution and DYOR before entering positions.
CoinMarketCap
๐ Candlestick & Trend Analysis
Overall Trend:
Without recent price data publicly indexed on major markets, chart behavior is best interpreted relative to key support and resistance zones on your posted candles.
If price is forming higher lows and higher highs, thatโs a short-term uptrend signal. If recent candles show rejection at resistance with long upper wicks โ thatโs selling pressure.
A series of small bodies (e.g., doji) between larger candles often signals market indecision and possible reversal or consolidation.
Investopedia
Key Chart Concepts (to pair with your Binance Square post):
Trendlines: draw a line connecting recent swing lows for an uptrend or swing highs for a downtrend to gauge momentum direction.
Support Zones: price areas where buyers consistently step in (flat bottoms on candles).
Resistance Zones: areas where price fails to break above repeatedly.
๐ What to Look For Next
Bullish Signals โ Break above recent swing high with strong volume
โ Candles closing above trendline
โ Series of green (bullish) candles with little upper wick
Bearish Signals โ Lower lows on closes
โ Rejections from resistance with long upper shadows
โ Bearish engulfing patterns
๐ง Market Context & Risks
Meme-style assets (like $TREND) are often highly speculative and volatile โ community & sentiment play a big role in short-term price action.
CoinMarketCap
Always check volume โ climbing price on low volume can fake trend strength, while real trend shifts generally accompany rising volume.
If multiple major candles close below a key trendline or support, this could signal trend weakening or reversal.
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