Testing/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
I'm not going to put much thought into this chart. It's a memecoin. We have a -93% drop from the top and 2 potential more drops if the market crashes. a -95% and -98% drop from the top, bringing price levels to 0.03 and 0.01
R/R ratio: 13.91 Possible upside: 1211% Possible downside: -87%
Out of all the charts, this coin has the biggest possible downside. And that is because we all know its a memecoin. Therefore, I do not recommend you leverage trading this at all. Also do not put in any money you aren't willing to lose, all meme coins are a gamble. I repeat, all meme coins are a gamble. Not an investment.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.