Memecoin: A Modest $60 Trade in Mumu on SolanaMemecoin: A Modest $60 Trade in Mumu on Solana
➖ Bitcoin is growing slowly for now, and today I noticed that altcoins and memecoins have become more active.
➖ I decided to try investing a modest $60 in the memecoin Mumu, which has the potential for a +120% move.
➖ I'm not expecting massive gains; the lows have closed higher, similar to October 2024, with a move toward 161.8% on the Fibonacci retracement. I opened a trade on Solana.
Memcoin
BONK LOOKS VERY BULLISH AFTER I SAW THIS!Played around with the #FRVP tool and loving it.
The red lines are the POC for the previous months.
You can clearly see where the highest amount of volume has been traded over the past 5 months.
We are now above it! This is very bullish for #BONK as long as we stay above it! #Memecoin
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
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This is not financial advice. This is for educational purposes only.
SHIB/USDT 1D. Current situation. Triangle. Breakout. Mems pump.SHIBA INU/USDT 1D. Daily chart. Middleterm trend - horizontal channel.
Price is now being in the support zone of this channel. Symmetrical triangle formed.
Price now broke out the resistance of this triangle. Accumulating as for now. Other memes are pumping one after another.
Those coins often pump before market local correction. This one highly connected with doge, as the main memcoin.
This, as the one of the most liquid, will likely pump the last(for example, now LADYS is pumping).
Triangle has been forming for more then 300 days. Now broke out. Price is a bit higher than the previous accumulation zone(2021), after which there was pump.
This idea is mostly for price monitoring and understanding what's happening on the coin.
It's also very important as to count with enormous pump from the bottom(ain't seen on the chart).
THE PEOPLE COIN 3 LONG TARGETS - CYCLE TRENDSHello trading friends,
These are 3 long-term targets if the trend stays on the green cycle.
That means if the cycle stay positive this coin could hit 0,16
@ don't expect to fast market changes, as market going on their way, some times long, and other times into breakdown trend. but as long as the green cycle is active it's interesting.
Targets
These targets are made depending on the TA trends of this coin depending on the green cycle trend.
Manage your risk well - and study the right setups for any coin before entering.
Have a great day.