💀 Hey , how's it going ? Come over here — Satoshi got something for you !
⏰ We’re analyzing Meme on the 1-Day timeframe .
👀 On the daily timeframe of Memecoin, we can see that after a deep 93% correction, MEME broke out of its descending channel. It then faced another pullback on lower timeframes. A very strong bottom was formed around 0.001321, and from this level, with increasing volume and trades, MEME moved upward towards the resistance at 0.002152. Currently, it is trying to break this resistance, which has previously acted as the top of the box and caused rejections .
⚙️ The key RSI level is at 69.20–70. If this level is broken, increased buying momentum could push MEME into the Overbought zone, attracting more buyers .
🕯 Today, the number of long trades has increased, and the size of today’s daily candle looks strong so far. With more buying volume, MEME could break this resistance and aim for higher price levels .
💡 This coin was created by the 9GAG team, who are active in the memecoin sector. The project is a new form of internet money inspired by meme culture. It currently ranks #337 on CoinMarketCap. The project is fully decentralized and operates as a DAO, where NFT holders take part in governance and decision-making .
🔔 The Alert zone is at 0.002152. If this level breaks and confirms, it could provide a good entry for long trades. The short position alert zone is below the daily bottom, but personally, I would avoid shorting this coin .
❤️ Disclaimer : This analysis is purely based on my personal opinion and I only trade if the stated triggers are activated .
⏰ We’re analyzing Meme on the 1-Day timeframe .
👀 On the daily timeframe of Memecoin, we can see that after a deep 93% correction, MEME broke out of its descending channel. It then faced another pullback on lower timeframes. A very strong bottom was formed around 0.001321, and from this level, with increasing volume and trades, MEME moved upward towards the resistance at 0.002152. Currently, it is trying to break this resistance, which has previously acted as the top of the box and caused rejections .
⚙️ The key RSI level is at 69.20–70. If this level is broken, increased buying momentum could push MEME into the Overbought zone, attracting more buyers .
🕯 Today, the number of long trades has increased, and the size of today’s daily candle looks strong so far. With more buying volume, MEME could break this resistance and aim for higher price levels .
💡 This coin was created by the 9GAG team, who are active in the memecoin sector. The project is a new form of internet money inspired by meme culture. It currently ranks #337 on CoinMarketCap. The project is fully decentralized and operates as a DAO, where NFT holders take part in governance and decision-making .
🔔 The Alert zone is at 0.002152. If this level breaks and confirms, it could provide a good entry for long trades. The short position alert zone is below the daily bottom, but personally, I would avoid shorting this coin .
❤️ Disclaimer : This analysis is purely based on my personal opinion and I only trade if the stated triggers are activated .
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
join our Telegram channel for more insightful and educational content .
t.me/satoshiframe
t.me/satoshiframe
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.