POPCAT COIN LONG OPPORTUNITY - Solana MemecoinPOPCAT is one of the most popular Solana memecoins, currently listed on Binance and generating a lot of hype. I’m keeping a close watch and trading this one to catch the memecoin trend.
Technical Analysis: Price recently hit the daily demand, ran daily liquidity, and failed to close below, indicating a potential move higher. Following the liquidity run, we saw a strong increase in volume, which created a 4-hour demand zone. Price has since rejected off the bearish trendline and is now moving into the 4H demand and maximum discount area, where I’ll be looking for long entries.
Lower time frame confirmations will be necessary before initiating the trade.
Stop loss: 1.15
TP1: Trendline
TP2: Equal Highs - 1.66
TP3: ATH - 1.82