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Crypto Memes - #3
Crypto Memes - #3 - Read the full update on Zelf Trade.
Samuel Castellanosโข
Crypto Memes - #3
PEPE
Nothing to update on this one. All plays are based on triggers on key levels so unless it reaches / breaks into the specific level, no action can be taken.
It touched the $0.000008 level only to be pushed back hard and it is back to the gray area levels. Difficult to move in this region so I am still inclined to take the trade above the most recent high ~$0.000008.
The other level we expected was $0.0000065. Far from touching it and still consolidating above it. On the next pullback, as it keeps making lower highs, it is very likely to touch it and it would be the level to act on.
Still Consolidating
In the Macro is quite well and definitely everything would change if it loses $0.000006. That level maintains all bullishness and if it breaks, we would be looking at a retest at $0.000004.
WIF
Following the plan accordingly. I think it has been the easiest coin to anticipate so far, within the memecoins. After the retest at the Mid Gap it reached the expected target at $1.95.
- It is currently sitting at the key level of $1.5 and presents us with an excellent entry opportunity. The invalidation is quite clear so the risk justifies the entry.
- The setup above $1.95 is still pending....
Trade Setup Active
From what we are seeing, it is already making a higher low and has again made a price deviation below the key $1.5 level. As we have been talking about in previous posts, the price has to keep trading above these levels and has been doing so to at least maintain a bullish stance. We do not want prices below these levels or the bias will change completely.
BONK
It's finally starting to look good.
The trade setup from the previous post is active. Everyone who entered at $0.000018, should hold. A close below $0.000017 would make me close the trade.
Trend line saving the day!
Pretty straightforward and now just waiting on how it responds.
POPCAT
Glad I stayed sideline. Its important to note when to trade, as much of the trading losses are due to lack of management and missing the context of the chart.
- We had the drop below $0.56, much lower but at a very important level - $0.40 weekly level.
- I am anticipating a trading range between $0.40-0.56 before we see strong impulses in either direction.
Consolidating at key level
So I will remain cautious until I have more information or a setup comes into play.
I think we have been following these four memes pretty well. We are at a pivotal point in the market and it is time to be very alert in case everything ends up shifting to the downside. We will continue to trade the setups being offered by the market with clear invalidations until all becomes clear again and momentum comes back into the market.
Disclaimer: This content was originally published on Zelf Trade.