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.
![](https://public.bnbstatic.com/static/content/square/images/7286edaf125b4d0b805cc32badae1b68.png)
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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![](https://public.bnbstatic.com/image/pgc/202412/469a7056a1ebb2eb3cc744377b5f1e23.png)
USDT Dominance chart has a Golden Fibonacci Resistance ahead, we will be expecting a dump as soon as we deviate at that area.
![](https://public.bnbstatic.com/image/pgc/202412/14fb197a753ed3a8cd3b89dc04167ed9.png)
TOTAL2 will take another support at the Golden Fibonacci Ratio and go back up this week. Bullish for Altcoin market.
![](https://public.bnbstatic.com/image/pgc/202412/de1d9231bfb5c542b4eb207f7b0046ad.png)
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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