ME (Magic Eden) Bulls time!
The ME chart is interesting, initially there was a lot of selling pressure from people who received the airdrop, causing the price to drop from $8 on Binance to $4.90, but it then made a double bottom near $ 5 and is now showing strength and trading above the moving averages on 15 minutes timeframe.
If volumes remain this high, I believe the price will rise in the coming days, I liked the risk reward.
If volumes remain this high, I believe the price will rise in the coming days, I liked the risk reward.
Trade closed: stop reached
Invalidated setup, since price closed below our support (Double bottom), I will be doing some spot DCA on it for the long run.
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My Telegram Channel
t.me/TheTradingWizardFREE
The Trading Wizard
t.me/TheTradingWizardFREE
The Trading Wizard
Related publications
Disclaimer
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.