【Veteran Trader Watch】 $MEME
🐳 A particularly stubborn whale has appeared in MEME. Over the past month, one address has continued buying MEME, pouring in around $1.22 million in total to buy 30.65 million tokens. It has now become the largest MEME holder.
But here’s the thing—
The position is currently down around $708,000 on paper, a loss of 58%. Even more surprising, the address is still buying. Lookonchain’s monitoring shows that its most recent purchase was about 10 hours ago. I wouldn’t immediately interpret this buying pattern as “the whale must know something,” but one thing is worth watching: the price hasn’t taken off, yet it continues to increase its position.
If MEME’s trading volume picks up later, first watch to see whether it can break through the previous resistance zone.
Entry: $0.000600–$0.000615
Take profit: $0.000640 / $0.000675 / $0.000720 / $0.000780 / $0.000850
Stop loss: $0.000570
🐳 A particularly stubborn whale has appeared in MEME. Over the past month, one address has continued buying MEME, pouring in around $1.22 million in total to buy 30.65 million tokens. It has now become the largest MEME holder.
But here’s the thing—
The position is currently down around $708,000 on paper, a loss of 58%. Even more surprising, the address is still buying. Lookonchain’s monitoring shows that its most recent purchase was about 10 hours ago. I wouldn’t immediately interpret this buying pattern as “the whale must know something,” but one thing is worth watching: the price hasn’t taken off, yet it continues to increase its position.
If MEME’s trading volume picks up later, first watch to see whether it can break through the previous resistance zone.
Entry: $0.000600–$0.000615
Take profit: $0.000640 / $0.000675 / $0.000720 / $0.000780 / $0.000850
Stop loss: $0.000570
