Coin Name : #MagicEden
Signal Type : Long
As we can see ME has broken out of its descending channel now creating a higher low. We can see some significant support areas like the Value Area Low and the support of previous low. We will most likely bottom out at 2.829 at start a rally impulsively towards the Trend Based Fibonacci Golden Ratio which lies around 3.944
We can open a massive long position from here. Maybe even build more if goes down for liquidity grabbing purposes.
BTC Dominance has rejected from the Golden Fibonacci Ratio. Also closed the weekly candle below it. We are insanely insanely bullish on Altcoins now.
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USDT Dominance chart has a Golden Fibonacci Resistance ahead, we will be expecting a dump as soon as we deviate at that area.
TOTAL2 will take another support at the Golden Fibonacci Ratio and go back up this week. Bullish for Altcoin market.
Trade Details:
Entry : Around 2.85 ( Join my Binance live for premium crypto signals )
TP : 3.9 to 4.6
SL : 2.5
$ME
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