Memeland (https://www.memeland.com/) is a collection of 9,999 NFTs supported by PFP utilities (profile picture), founded by the viral news site for sharing memes and 9GAG. This NFT ecosystem aims to combine the power of NFTs with meme culture. According to the agenda on the Memecoin website, it states: We create and invest in social products for the community and with the community. We unite creators and communities through creativity, $MEME, and NFT.
- therefore, allocate no more than 0.5-1% of your deposit to this position. This is very important!
Although the project is very famous, with over 2.5 million followers on Twitter (https://twitter.com/Memeland), the risk in the deal is present, regardless of the majority’s expectations. You must understand and accept this. But why did I include this #MEME in the review now?! – the answer is simple. Large volumes (screens 3-4), as well as the TA structure (chart 1-2).
Starting with the volumes: Recently, there have been significant exchange transfers to wallets on #BINANCE (screen 3). Also, large purchases by “smart traders” have been activated. One of them is the “meme investor” (highlighted for you in screen 4). And finally, in the volume analysis – there has been an increase in the market delta of purchases in cluster analysis (screen 5).
Technical structure: — There is an ascending channel and RANGE. — The removed liquidity BOS has been refreshed and re-tested. — After the listing, wave 5 is still incomplete. — The price correction occurred yesterday in the range of 0.5-0.618 FIBO. Because it’s not the best decision to open market positions right now, I suggest you pick up the asset from the range of $0.025533 – $0.031471 (on a small volume) with an additional selection, in the block below indicated (from chart 1), specifically $0.011001 – $0.016942↔️
Carefully, following my recommendation to you, we wait for our limit orders to fill, and then, I will update everything upon their opening. I wish everyone only profits, and to wisely manage your deposits.