cats in a dogs world (MEW) â Chart Analysis & Trade Setup đš
Here we go with another detailed token analysis and trade setup. Ready? Let's go!
About The Token
⣠Name: cats in a dogs world
⣠Symbol: $MEW
⣠Type: Memecoin
⣠CoinMarketCap Rank: 108
⣠Market Cap: 583M
⣠Volume 24h: 98M
⣠Total Supply: 88B
⣠Circulating Supply: 88B
⣠Chain: Solana
â¶ïž Chart Analysis
MEW formed a perfect bottom and entered an uptrend right afterward. The token makes higher highs and higher lows and heads towards the resistance at 0.85. Volume has been increasing lately.
â¶ïž Technical Indicators
⣠MACD: Bullish đą
⣠RSI: Neutral đą
⣠VMA: Neutral đ”
⣠Triple EMA: Price trades above all EMAs đą
⣠ADX: 26, indicating a light trend đ”
â¶ïž Trade Setup
⣠Entry: The current price is right between support and resistance and, therefore, not the perfect place to enter. Two alternatives are apparent:
1 â Wait for the price to break through the resistance at 0.85. Although this is a safer approach, the potential gains are limited - short-term.
2 â Wait for the VMA to indicate an uptrend and use it as an entry.
⣠Target 1: $0.085
⣠Target 2: $0.1 (ATH)
⣠Stop Loss: Depends on your entry.
Here we go with another detailed token analysis and trade setup. Ready? Let's go!
About The Token
⣠Name: cats in a dogs world
⣠Symbol: $MEW
⣠Type: Memecoin
⣠CoinMarketCap Rank: 108
⣠Market Cap: 583M
⣠Volume 24h: 98M
⣠Total Supply: 88B
⣠Circulating Supply: 88B
⣠Chain: Solana
â¶ïž Chart Analysis
MEW formed a perfect bottom and entered an uptrend right afterward. The token makes higher highs and higher lows and heads towards the resistance at 0.85. Volume has been increasing lately.
â¶ïž Technical Indicators
⣠MACD: Bullish đą
⣠RSI: Neutral đą
⣠VMA: Neutral đ”
⣠Triple EMA: Price trades above all EMAs đą
⣠ADX: 26, indicating a light trend đ”
â¶ïž Trade Setup
⣠Entry: The current price is right between support and resistance and, therefore, not the perfect place to enter. Two alternatives are apparent:
1 â Wait for the price to break through the resistance at 0.85. Although this is a safer approach, the potential gains are limited - short-term.
2 â Wait for the VMA to indicate an uptrend and use it as an entry.
⣠Target 1: $0.085
⣠Target 2: $0.1 (ATH)
⣠Stop Loss: Depends on your entry.
