When the market is focused on memes, W is pushing. This could be because the token is on Solana and a lot of the profit taking is on that chain. You will notice that 20EMA has been taken pretty firmly. The 50 is starting to be taken but not yet confirmed. My previous chart pointed to 68 cents as a key area. I drew a rectangle that shows the price regions I am looking at, lots of wicks and full candle bodies stopping/starting at these levels.
-Building support around 68 cents is imperative
-A push outside of the channel will likely occur with short term target of 84 cents
-Building support around 68 cents is imperative
-A push outside of the channel will likely occur with short term target of 84 cents
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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.