DWAC / TMTG has a Trillion TAM. Trump is seeking to compete with FB, TWTR and other big tech by also going into web services and payment processing.
I would imagine this begins to run mid November as the SPAC deal is finalized and progress is made towards the Feb 2022 launch date. I do not see Trump wasting his time with a SPAC / social media outlet unless he were truly serious about it.
A good entry point can be found once the downward trend is reversed with some volume or a reversal pattern is made on the 4 - hour chart. DWAC gapped up from $46 - which would make sense as ideal support but could go lower. 4 hour RSI is still showing an overbought trend; however, 1 hour looks good. Hard to use the RSI since this has been trading for less than a week.
Many libtards on Wall Street, such as IceBerg, are and will continue to short this due to their hatred for DJT presenting a great opportunity for a short squeeze. No one can rally a crowd together better than Trump himself.
I would imagine this begins to run mid November as the SPAC deal is finalized and progress is made towards the Feb 2022 launch date. I do not see Trump wasting his time with a SPAC / social media outlet unless he were truly serious about it.
A good entry point can be found once the downward trend is reversed with some volume or a reversal pattern is made on the 4 - hour chart. DWAC gapped up from $46 - which would make sense as ideal support but could go lower. 4 hour RSI is still showing an overbought trend; however, 1 hour looks good. Hard to use the RSI since this has been trading for less than a week.
Many libtards on Wall Street, such as IceBerg, are and will continue to short this due to their hatred for DJT presenting a great opportunity for a short squeeze. No one can rally a crowd together better than Trump himself.