$SPX memecoin heading for key level test on daily https://t.co/8gmATsja2M
$SPX memecoin heading for key level test on daily https://t.co/8gmATsja2M
$spx $giga $apu $popcat
Every single one hit my marked dead zone and dumped as I said it would. Nothing special, just basic TA for all those peeps who say TA doesn’t work.
More importantly tho. These setups reinforce an all out altseason thesis. SPX clear strength. https://t.co/WouxwEWBox
This DONT mean buy. SPX maybe but I still insist memecoins underperform by a large margin. You really want stronger narratives this cycle because there will be some huge multiples there. Liquidity will 100% play safer / more strategic into this euphoria. Just be smart.
Memecoin update
$SPX big push up into weekly resistance, a lot depends on what Bitcoin wants to do. Acceptance above and this pushes back towards 50c (still macro lower highs).
$MOG nice bounce, but you have to remember, the most impressive bounces in % during a bear market are often from the tokens that are down the most from the bull market (-95%).
$PENGU broke out of its low time frame range, but pretty poor daily candle this morning: rejecting previous support (now resistance), rejecting yearly open and golden pocket swing fibs. Important weekly close next week. Acceptance and it could push back to 0.01c.
$FARTCOIN similar chart to the others, finding resistance from previous support. If it can get acceptance above, this could rally back to 35c quickly, but if it rejects, we could easily see it retest lows.