SNEKUSDT AnalysisVolume is picking up, and the coin is cooking well. But for me, itโs expensive here.
My strategy is simple: I only buy when something is cheap enough to give me a clear edge. If price doesnโt come to a level where Iโm comfortable, I wonโt force a trade.
If SNEKUSDT drops into a zone I consider cheap, I will look for:
โ
Footprint absorption
โ
CDV support
โ
Structure reclaim for confirmation
If these align, Iโm interested. If not, Iโm okay staying out.
Iโm not here to chase pumps. Iโd rather wait for price to come to me, take a clean entry, and manage risk properly.
No predictions, no hypeโjust a plan, patience, and discipline.
๐I keep my charts clean and simple because I believe clarity leads to better decisions.
๐My approach is built on years of experience and a solid track record. I donโt claim to know it all but Iโm confident in my ability to spot high-probability setups.
๐If you would like to learn how to use the heatmap, cumulative volume delta and volume footprint techniques that I use below to determine very accurate demand regions, you can send me a private message. I help anyone who wants it completely free of charge.
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๐ฏ ZENUSDT.P: Patience & Profitability | %230 Reaction from the Sniper Entry
๐ถ DOGEUSDT.P: Next Move
๐จ RENDERUSDT.P: Opportunity of the Month
๐ ETHUSDT.P: Where to Retrace
๐ข BNBUSDT.P: Potential Surge
๐ BTC Dominance: Reaction Zone
๐ WAVESUSDT.P: Demand Zone Potential
๐ฃ UNIUSDT.P: Long-Term Trade
๐ต XRPUSDT.P: Entry Zones
๐ LINKUSDT.P: Follow The River
๐ BTCUSDT.P: Two Key Demand Zones
๐ฉ POLUSDT: Bullish Momentum
๐ PENDLEUSDT.P: Where Opportunity Meets Precision
๐ฅ BTCUSDT.P: Liquidation of Highly Leveraged Longs
๐ SOLUSDT.P: SOL's Dip - Your Opportunity
๐ธ 1000PEPEUSDT.P: Prime Bounce Zone Unlocked
๐ ETHUSDT.P: Set to Explode - Don't Miss This Game Changer
๐ค IQUSDT: Smart Plan
โก๏ธ PONDUSDT: A Trade Not Taken Is Better Than a Losing One
๐ผ STMXUSDT: 2 Buying Areas
๐ข TURBOUSDT: Buy Zones and Buyer Presence
๐ ICPUSDT.P: Massive Upside Potential | Check the Trade Update For Seeing Results
๐ IDEXUSDT: Spot Buy Area | %26 Profit if You Trade with MSB
๐ USUALUSDT: Buyers Are Active + %70 Profit in Total
๐ FORTHUSDT: Sniper Entry +%26 Reaction
๐ณ QKCUSDT: Sniper Entry +%57 Reaction
๐ BTC.D: Retest of Key Area Highly Likely
๐ XNOUSDT %80 Reaction with a Simple Blue Box!
๐ BELUSDT Amazing %120 Reaction!
๐ Simple Red Box, Extraordinary Results
๐ TIAUSDT | Still No BuyersโMaintaining a Bearish Outlook
๐ OGNUSDT | One of Todayโs Highest Volume Gainers โ +32.44%
๐ TRXUSDT - I Do My Thing Again
๐ FLOKIUSDT - +%100 From Blue Box!
๐ SFP/USDT - Perfect Entry %80 Profit!
๐ AAVEUSDT - WE DID IT AGAIN!
I stopped adding to the list because it's kinda tiring to add 5-10 charts in every move but you can check my profile and see that it goes on..
SNEKUSDT trade ideas
SNEK Soars 632%: A Closer Look at Cardano's Rising Meme StarIn the volatile yet exciting world of cryptocurrencies, $SNEK has emerged as a standout performer on the Cardano blockchain, experiencing an astounding surge of over 632% within just one month. This isn't just another memecoin; $SNEK has carved a unique niche for itself, intertwining community engagement with innovative tokenomics.
What Is $SNEK?
$SNEK positions itself not merely as a digital asset but as a cultural phenomenon within the web3 community. Launched during a bear market, its journey from obscurity to becoming one of the most traded tokens on Cardano exemplifies the power of community and meme culture in the crypto space. Here's what sets $SNEK apart:
Community-Driven Growth: Unlike many cryptocurrencies that rely on utility or technological innovation, $SNEK has thrived on its vibrant community, fostering unity and excitement across the Cardano ecosystem.
Deflationary Mechanics: With an initial supply of 76,715,880,000 tokens, $SNEK introduced multiple burning mechanisms. These actions systematically reduce the circulating supply, theoretically increasing value as scarcity grows, appealing to both holders and speculators.
Fundamental Analysis
Market Presence: Currently, $SNEK holds a market cap of $601,308,462, ranking it well within the top cryptocurrencies by market capitalization. Its ambition to reach a billion-dollar market cap is not just speculative but seems grounded in its rapid growth trajectory.
Exchange Listings: The availability of $SNEK on prominent exchanges like MEXC, Bitget, and BitMart significantly enhances its liquidity and accessibility, crucial factors for trading volume and price stability.
Community and Ecosystem Impact: $SNEK serves as a bridge for new users into the Cardano ecosystem, promoting engagement and potentially increasing transaction volumes on the network, which could benefit other Cardano-based projects.
Technical Analysis
Price Movement: The token has shown a staggering 636.85% increase over the last month, with a recent 5% uptick. This indicates strong buying interest, yet also suggests the need for a potential consolidation or correction to stabilize its price.
Indicators:
RSI (Relative Strength Index): At 68, $SNEK is not yet in overbought territory, suggesting there might be more room for upward movement before a significant correction.
Volume: Increased trading volume aligns with price surges, indicating active market participation and potential for continued interest.
Trend Analysis: The long-term trend for $SNEK has been bullish, but after such a rapid ascent, a period of consolidation could be expected, allowing for a healthy market adjustment.
Challenges and Considerations
Sustainability: While the surge is impressive, sustainability in price growth beyond meme status requires broader utility or integration into real-world applications or DeFi projects.
Market Volatility: Memecoins are particularly susceptible to speculative trading, which can lead to high volatility. Investors should be wary of entering based on hype alone.
Regulatory Risks: As with all cryptocurrencies, regulatory changes could impact memecoins like $SNEK, especially concerning how token burns or other deflationary mechanisms are viewed legally.
Conclusion
$SNEK's meteoric rise on Cardano not only highlights the memecoin market's potential but also underscores Cardano's growing ecosystem. The blend of community engagement, innovative tokenomics, and significant market performance makes $SNEK a compelling case study in modern cryptocurrency dynamics. However, potential investors should consider both the technical indicators suggesting possible consolidation and the fundamental aspects like community strength and market cap aspirations. As with any investment, due diligence and an understanding of market sentiment are key.
SNEK: $0.000 35 | A Cardano Meme Coin the gateway for CARDANO ecosystem organically created by a tight community
with a sequence of projects disclosed week after week as early as April and May 2023
early investors already sold at CEX listing
fresh whales coming in done thru ETHEREUM pair
size you entry
as handler may just emulate CARDANO's price action with a nasty shakedown
and unthinkable PUMAPAMENTALS
Target: $0.01
Validation: $0.00 151
Cost of Issuer: $0.00 00 24 to $0.00 00 18
checkout the rest of next BIg Thing
www.taptools.io
SNEK/USDT - Weekly TSMOM Model SNEK/USDT - Weekly TSMOM Model
Weekly Model, looks much more promosing having printed a long/bull regime and remaining bullish running into this current weeks closing price.
As you will notice, since June our weekly bear regime prints have been far more dominant and remained in trend for much longer.
Let's spice up this chart with some additional analysis shall we. Levels of interest identified leveraging both Dealing Range Theory (DRT) and PDarrays (Premium/Discount.
You can see where both buyside and sellside were swept, leading to a reaction and reversal before chasing opposing liquidity, for example Turtle Soup
We are right back to trading within extreme discount of this monthly range right now.
SNEK/USDT - TSMOM Daily Model SNEK/USDT - TSMOM Daily Model
Although trading within a strong bear regime currently.
Most of the move looks to be completed and is drawing right down to our golden pocket and Daily buyside imbalance, sellside inefficiency (BiSi), in simpler terms bullish Fair Value Gap (FVG).
I would be interested in entries here and I'm expecting a reversal as of next week ๐
#SNEK Technical AnalysisHello everyone, Iโm Cryptorphic.
For the past seven years, Iโve been sharing insightful charts and analysis.
Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
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~ Short-term market movements.
~ Charts supported by critical fundamentals.
Now, letโs dive into this chart analysis:
SNEK is a deflationary memecoin launched on Cardano. It is the most traded token on Cardano and a unifying force within the ecosystem.
Recently, SNEK showed a decent rally of 64% from the support trendline and is currently facing resistance at $0.001126.
If $SNEK successfully breaks above this resistance, a further bullish scenario will likely expected. A rejection will provide a good opportunity to accumulate SNEK at the bottom.
- Important Resistance: $0.001126.
- Support/Accumulation: $0.00078 to $0.00088.
- Invalidation Point: A breakdown below the support level.
DYOR, NFA.
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#PEACE