On June 3,, Magic Eden(
MEUSDT) announced a collaboration with a project called to launch a new" Trump Wallet"
This announcement triggered a +35% price increase, pushing the price of ME Token to approximately $1.17.
However, shortly afterward, members of the Trump family, including Donald Trump Jr., denied any involvement with the wallet or the project.
This resulted in a -20% price drop due to shaken investor confidence.
-----------------------------
Let’s see how ME Token is doing on the 1-hour timeframe.
ME Token is trading in the Support zone($1.03-$0.96) near the 50_SMA(Daily).
From the Elliott Wave theory perspective, ME Token seems to have completed the main wave 3 and is currently completing the main wave 4.
I expect ME Token to rise to at least $1.146(+15%).
Second Target: $1.237
Note: Stop Loss = $0.95
Please respect each other's ideas and express them politely if you agree or disagree.
Magic Eden Analyze (MEUSDT), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
MEUSDT) announced a collaboration with a project called to launch a new" Trump Wallet"This announcement triggered a +35% price increase, pushing the price of ME Token to approximately $1.17.
However, shortly afterward, members of the Trump family, including Donald Trump Jr., denied any involvement with the wallet or the project.
This resulted in a -20% price drop due to shaken investor confidence.
-----------------------------
Let’s see how ME Token is doing on the 1-hour timeframe.
ME Token is trading in the Support zone($1.03-$0.96) near the 50_SMA(Daily).
From the Elliott Wave theory perspective, ME Token seems to have completed the main wave 3 and is currently completing the main wave 4.
I expect ME Token to rise to at least $1.146(+15%).
Second Target: $1.237
Note: Stop Loss = $0.95
Please respect each other's ideas and express them politely if you agree or disagree.
Magic Eden Analyze (MEUSDT), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Trade active
Trade was activated in Support zone($1.03-$0.96)Trade closed: stop reached
Stop Loss was touched = $0.95
🎁Welcome than a 50% bonus(Low Spread)👉vtm.pro/Y3AV7r
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
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.
🎁Welcome than a 50% bonus(Low Spread)👉vtm.pro/Y3AV7r
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
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.