MEUSDT 1D AnalysisME ~ 1D Analysis
#ME This trade is very high risk
Buy gradually from here with a short term target of at least 15%+ from here.
Meanalysis
Magic Eden’s ME Token Eyes Bounce After Trump Wallet VolatilityOn June 3, , Magic Eden ( BINANCE: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 .
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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
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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.
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