ME Analysis (1D)After holding above the support zone, we have a bullish Change of Character (CH) on the chart, which is a bullish sign. Additionally, the trigger line has been broken.
After a slight pullback, the price may move toward the targets.
The targets are marked on the chart.
A daily candle closing below the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
MEUSDT
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
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.
MetaUnit | Long Entry signal for MEU/USDT Analysis:
MLR > SMA: The MLR (blue) is above the SMA (pink), signaling a bullish trend.
MLR > BB Center: MLR exceeds the Bollinger Bands Center Line (orange), showing strong bullish momentum.
PSAR: PSAR dots (black) are below the price, reinforcing the uptrend.
No SMA 200: SMA 200 unavailable - proceed with caution.
Trade Idea:
Entry: Consider a long position at the daily close.
Stop Loss: Place SL at the current PSAR level to limit downside risk.
Follow Me: Follow me for exit or profit-taking opportunities.
Outlook: All indicators align for a bullish move. Stay alert for reversal signals or trend shifts.
Risk Warning: Not financial advice, trade at your own risk
MEUSDT: Ascending Channel - Is $1.300 the Next Stop?Fellow traders!
MEUSDT is exhibiting classic ascending channel behavior. Having tested the lower channel boundary, the price is likely to advance towards the upper channel boundary, with a potential target near $1.300.
Implement prudent risk management.
BINANCE:MEUSDT
MEUSDT Ready to Explode or Another Bull Trap?Yello, Paradisers! Are we about to witness a strong bullish reversal on MEUSDT, or is another trap being set? Let’s break it down.
💎MEUSDT has formed a well-structured ending diagonal with a clear 5-wave pattern, increasing the probability of an upcoming bullish move. Additionally, the inverse head & shoulders pattern, combined with bullish divergence, further supports a potential reversal. However, for confirmation, we need a decisive breakout and candle close above the key resistance zone to increase our odds.
💎In case of a retracement or panic selling, we are eyeing a bounce from the major support zone, where a potential double-bottom formation could play out. But to strengthen the bullish case, we need to see bullish I-CHoCH (Internal Change of Character) or a W-pattern forming on lower timeframes.
💎On the flip side, if MEUSDT breaks down and closes candle below the major support zone, it will invalidate our bullish outlook. In that scenario, waiting for stronger price action and a more favorable setup would be the best approach.
🎖Patience and strategy are key, Paradisers! Rushing into trades without confirmation is a sure way to get trapped. Play it smart, stay disciplined, and wait for high-probability setups. That’s how you win in this market!
MyCryptoParadise
iFeel the success🌴
ME (Magic Eden) Bulls time!The ME chart is interesting, initially there was a lot of selling pressure from people who received the airdrop, causing the price to drop from $8 on Binance to $4.90, but it then made a double bottom near $ 5 and is now showing strength and trading above the moving averages on 15 minutes timeframe.
If volumes remain this high, I believe the price will rise in the coming days, I liked the risk reward.