Hi everyone! Starting Reposting my first TV idea (and probably the last one because this trade has lifechange potential). The first edition of it was removed because I put a link in it. The idea has become clearer tho. Please, welcome our dear BRO Grimace 💜
🧐 CEO of the project is Odyssey, CIS crypto influencer and good guy, and the creation story comes from the [url=twitter.com/mcdonalds/status/1486115285983805444?s= 46]tweets by Elon Musk and mcDonalds on Twitter. We all know Musk as a fan of pumping something, but at that moment there were no Grimacecoin. But there is now 😏
📈 Let`s look at the chart. From the beginning of August, we have wide consolidation phase in which support level of $23 was succesfully tested multiple times. Now support level is $25.8 where the biggest volume profile is (after long accumulation below $5).
📈 Now a pattern is being formed to continue the trend. In my opinion, the technical picture is beautiful: new accumulation is forming before breaking previous ATH. The rising trend is strong and crisp. And look at this growing volume – the sign of rising interest and an upcoming move. Also think this way: If any crypto like ETH, XRP or fkn FLOKI would have such a chart, how easy would it be to go long? 😏 *btw, Grimace is +1.5% while all crypto market is red. Something to consider?
🎯 Where are my targets? Because we are trading for not so long and near all-time highs, targets can only be set using the Fibonacci extension grid. According to it, the nearest targets from the current $25 are 40/54 (+45%/+97%). The next Fibo targets are 75/105/120, and CEO Odyssey sets his minimum target at $1 billion capitalization, which equals $1,000 per coin. But for now Im modest, and such goals did not fit on the screen 😏
🤔 I would also like to note that such meme-coins do not go after bitcoin (the bitcoin has a risk of a slight correction following the American indices). By the way, about similar meme-coins: at the peak, the capitalization of PEPEUSDT, meme-coins with signs of a scam (the contract parameters included the possibility of arbitrary blocking of wallets objectionable to the developer) reached $1.5 billion, and the growth was hundreds of thousands of percent (not to mention DOGEUSDT or SHIBUSDT , capped at $70 billion and $35 billion respectively). The capitalization of Grimace, coins with clean contract parameters, a lamp community and even a history of creation thanks to Musk and mcDonalds - so far $ 25 million. If this is not an underestimation, then what is an underestimation?
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