MEME/USDT Analysis — Symmetrical Triangle Breakout + Golden Cros
MEME/USDT Analysis — Symmetrical Triangle Breakout + Golden Cross! 🚀
Timeframe: 4H
Exchange: Binance (Perpetual Contract)
Chart Type: Heikin Ashi
📊 Technical Analysis:
A Symmetrical Triangle formation is visible, suggesting a potential strong breakout.
Golden Cross observed: EMA 50 (yellow) is crossing above EMA 200 (red), a strong bullish signal.
Price currently consolidating near the triangle apex — a breakout is expected soon.
⚡ Trading Plan:
📌 Bullish Scenario:
✅ Entry: Above 0.002200 (candle close confirmation)
🎯 Targets: 0.002400 — 0.002600
🛡️ Stop Loss: 0.002041 (below 50% Fibonacci level)
📌 Bearish Scenario:
✅ Entry: Below 0.002041 (candle close confirmation)
🎯 Targets: 0.001887 — 0.001675
🛡️ Stop Loss: 0.002166 (previous consolidation zone)
📰 Fundamental Catalysts:
Market Sentiment: Meme coins seeing increased social media attention (Reddit, Twitter).
Binance Update: Funding rate adjustments may trigger volatility.
Hype Cycle: Growing interest towards MEME tokens as April ends.
📢 Summary:
MEME/USDT is at a critical breakout point with Golden Cross support. Watch for volume confirmation and manage risk properly.
Risk Management is Key! ⚠️
#Crypto #MEME #TradingView #Altcoins #TechnicalAnalysis
Not a financial advise #DYOR
Timeframe: 4H
Exchange: Binance (Perpetual Contract)
Chart Type: Heikin Ashi
📊 Technical Analysis:
A Symmetrical Triangle formation is visible, suggesting a potential strong breakout.
Golden Cross observed: EMA 50 (yellow) is crossing above EMA 200 (red), a strong bullish signal.
Price currently consolidating near the triangle apex — a breakout is expected soon.
⚡ Trading Plan:
📌 Bullish Scenario:
✅ Entry: Above 0.002200 (candle close confirmation)
🎯 Targets: 0.002400 — 0.002600
🛡️ Stop Loss: 0.002041 (below 50% Fibonacci level)
📌 Bearish Scenario:
✅ Entry: Below 0.002041 (candle close confirmation)
🎯 Targets: 0.001887 — 0.001675
🛡️ Stop Loss: 0.002166 (previous consolidation zone)
📰 Fundamental Catalysts:
Market Sentiment: Meme coins seeing increased social media attention (Reddit, Twitter).
Binance Update: Funding rate adjustments may trigger volatility.
Hype Cycle: Growing interest towards MEME tokens as April ends.
📢 Summary:
MEME/USDT is at a critical breakout point with Golden Cross support. Watch for volume confirmation and manage risk properly.
Risk Management is Key! ⚠️
#Crypto #MEME #TradingView #Altcoins #TechnicalAnalysis
Not a financial advise #DYOR
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.