MEUSDT.P trade ideas
Magic Eden SWING LONGThe price has finally broken the downtrend line, signaling a possible shift in market structure. I plan to sell at $33, a level that aligns with the 1.618 Fibonacci extension.
Stop Loss: Below recent lows.
Maximum recommended leverage: x5.
for the moment the breakout is positive, a rally or increased volatility before reaching the target would not be surprising. Risk management remains crucial.
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.