MEME breakout expected, easy 5-15% profit.
Updated
Dear Traders,
According to 4h chart, it shows many bullish signs.
First of all, it is a bullish flag pattern which we can see.
The RSI is below 20 for 3 days, from there the price must go upwards.
The MACD also shows some weakness with selling.
The Ichimoku cloud always represent a support and ressistance. We will be ABOVE the green cloud in two period later (8h) so it is ready to be traded safely.
Kind note that this coin should be observed frequently, because it show a higher volatility from we the traders can catch profits. So keep your eyes open and start trading.
Check my analysis on this coin before.
Take it easy.
Good lock
According to 4h chart, it shows many bullish signs.
First of all, it is a bullish flag pattern which we can see.
The RSI is below 20 for 3 days, from there the price must go upwards.
The MACD also shows some weakness with selling.
The Ichimoku cloud always represent a support and ressistance. We will be ABOVE the green cloud in two period later (8h) so it is ready to be traded safely.
Kind note that this coin should be observed frequently, because it show a higher volatility from we the traders can catch profits. So keep your eyes open and start trading.
Check my analysis on this coin before.
Take it easy.
Good lock
Trade active
5% profit reached. Thanks me later :)Trade active
So what we see now is that the price is not ready jet to breakout. another test gone, but it still remains inside the channel. Now we have to focus on getting out from the Green ichimoku cloud. If it will not happen and we go into below the red ichimoku, i will sell out and close the trade for a while.
Note
Ohh, the good old red days in the crypto industry. I remember we had these days a lot back in 2017, 2020.. No worries at all, i mean for sure no worries. The biggest difference between trading crypto and other stocks is that it is common to have things happen in crypto without havin a fraction of meaning.
And the trick here is the following. Since you don't know what will happen next, because all the indicators failed, in this case i will do nothing. Why?
First of all I am bullish in the cryptos in the long run also. Secondly, it did happened to me plenty of times that i have sold my assets after a massive price decline, and later on it was clarified that i have sold at the bottom price, and then i had to pruchase back in a higher price, so was put myself into a bucket of razors.
My assumption for this specific MEMEUSDT trade is the following.
Wait the price to go back to our purchase level, or a bit higher, then i will sold and wait for a more massive correction.
We have to always keep in mind that this market is still not a pretty large, so pumps and dumps can happen frequently, don't be the idiot who sell when the price is down.. :)
Pro tipp: In these days, find something to do instead of staring at the chart.. Go swimming, gym or travelling or something like this, just avoid frustrating yourself to sell or to act anything stupid.
Share your thoughts!
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