HAWK - Full speed decline, what a piece of junkWhat a trajedy. Sorry if you're one of the unlucky ones who have lost money here. It just shows that technical analysis, a steady hand and an a total side-stepping of FOMO is critical when trading. This coin is trash and I'll give anyone who has lost any money a number of free signals and charts to support them in their journey back to the big city lights. So sad, but it's going to plump 0 where it'll most likely be delisted and sold for spare parts. Follow for more.
HAWKTUAHUSDT trade ideas
Hawk Tuah ($HAWK): Is This Meme Coin Ready for a Comeback?The Launch and Dramatic Drop
Just a day after its much-hyped launch, Hailey Welch's meme token, Hawk Tuah ( MYX:HAWK ), experienced a shocking 90% price drop. Known online as the "Hawk Tuah Girl," Welch aimed to capitalize on her viral fame by creating a token that blends internet culture, humor, and community. However, accusations of sniper attacks and initial high fees marred its debut, sparking debates across the crypto community.
Key Launch Events:
- Price Plunge: According to Dexscreener, MYX:HAWK 's value sank dramatically within an hour, leading to widespread FUD (Fear, Uncertainty, and Doubt).
- Accusations and Defense: Welch's team faced allegations of orchestrating sniper attacks. In response, they clarified that no team member or KOL (Key Opinion Leader) received free tokens or sold any holdings.
🧐 Fundamental Insights: Beyond the Hype
1. Community-Centric Vision:
MYX:HAWK isn't just a typical memecoin. Hailey Welch aims to build a cultural movement, integrating her TikTok following, podcast listeners, and merchandise buyers. This strategy targets non-crypto users, potentially driving mainstream adoption. If executed well, this could set MYX:HAWK apart from other meme tokens.
2. Transparency and Trust Issues:
Welch's team addressed concerns about token distribution. They emphasized that the 10% team allocation is locked for one year and vested over three years, aligning their interests with long-term growth. However, the market's trust will hinge on continued transparency and community engagement.
3. Potential for Growth:
Despite the rocky start, MYX:HAWK 's market cap stands at $29 million, indicating room for growth if the community rallies. Comparisons to successful memecoins like Barsik, GIGA, and MOG highlight the power of community-driven momentum. If MYX:HAWK captures a similar spirit, a surge to a $150–500 million market cap isn't out of the question.
Technical Outlook: Signs of Reversal?
Current Performance:
MYX:HAWK is trading around $0.00295, down 26% from its recent all-time high of $0.0038. While this dip is notable, it's relatively modest for a memecoin, suggesting resilience.
Future Prospects: Will MYX:HAWK Soar or Stumble?
The fate of MYX:HAWK hinges on its community. Successful memecoins thrive on collective enthusiasm, and Welch's cultural influence could be a game-changer. However, investors should proceed cautiously. Duplicate tokens on decentralized exchanges (DEXs) pose risks, and the team must maintain transparency to rebuild trust.
Conclusion: A High-Risk, High-Reward Play
Hawk Tuah ( MYX:HAWK ) offers a unique blend of internet culture and crypto, with the potential to capture mainstream attention. While its launch faced significant challenges, the project's vision and community focus could drive future success. Investors should watch closely—if the community holds strong, MYX:HAWK might just "hawk tuah" its way to the moon. 🌕🚀
Stay vigilant, play safe, and remember: in the meme coin market, community is king. 👑
HawkTuah USDDownwards triangle starting to form and this is normally a bullish senario.
I did three very simple calculations
I took the local high to the local low with a fib retracement and marked the 1.618
(I use the 1.618 as a target during a bitcoin bull market which we are in due to the halvening
If we were in a bear market I would take profit at the .786)
So 90% is my first take profit with a 60% Stop Loss -
with these altcoins especially new ones can be very volatile
My first take profit is always 1.5x from my stop loss
(so in this case my stop-loss is 60% x 1.5 is 90% )
Second Step was to calculate the fib retracement from the Mid hig to mid low
Third step was to calculate the fib retracement from the macro high to macro low
These gave me my targets at the 1.618
When my first take profit is met I take the original amount and use it on another trade
On my second profit target I exit my winnings and only leave the original amount to start the trade again
This ensures that my im exiting the trade at the WAVE 3 and putting minimal on the WAVE 5
Wave 5 creates Greediness and its a slippery slope trying to sell/call the top.
Wave 3 is usually the longest in most scenarios anyway
