Are MEME Coins getting oversold ?

The recent rally has come to an end as you all can see but is this a buying opportunity or a sign of things to come?

Key points:

]MEME coins are experiencing a pullback. This could last days or even weeks. Coming price action will tell.
Fibonacci levels (100%, 127.2%, 161.8%) could be potential entry points. These levels represent historical support areas where the price might bounce if we are in fact in a 3 wave Flat correction.
The long-term trend might still be bullish. This pullback could be a healthy correction within a larger uptrend.

I'm waiting for a LOW RISK buy point. This means waiting for the price to reach these key Fibonacci levels before even considering entry.

Be cautious! The high volatility in MEME coins is extremely risky and could wipe out your account in minutes . Don't jump in blindly, wait for a good low risk entry point !!

What do you think? Is this a buying opportunity for MEME coins or a sign of a larger correction? Let me know your thoughts!

ElliottWaveBelgium

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by ElliottWaveBelgium

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ElliottWaveBelgium

Don't forget to like, share and follow !

Questions? Chat or Comment on Ideas
Don't forget my public Telegram channel -
t.me/em16public

Thanks !