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Magnificent BKC
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Magnificent BKC
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📈 #ME /usdt Daily Chart Analysis – Strong Reversal Signal Incoming? 🚨🔥* A powerful green candle just broke through the *middle Bollinger Band*, aiming for the upper band – a clear sign of strong buying pressure! 📊🚀 💡 *Bottomed at: 0.710* – Now climbing rapidly! 🔹 *RSI(6): 71* – Entering overbought territory 🔹 *MACD* turning bullish with green bars emerging This looks like a classic *V-shaped recovery*, often followed by momentum continuation! 📈 🎯 *Target zone:*1.11+ possible if momentum holds, but be cautious – RSI is high, so *short-term pullbacks* may occur. ⚠️ I’m staying realistic but signs are clear. What’s your take on ME/USDT? Drop your thoughts below! 👇💬 #ME #Binance #boll #RSI
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LoL
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#WCT According to my own analysis and observations: Based on the chart and indicators, I believe there’s a possibility of a short-term upward correction: *1. MACD:* As seen in the blue-circled area, the MACD histogram bars are shrinking, which suggests that the downward momentum is losing strength. A bullish crossover might be on the way. *2. RSI:* The RSI(6) is at 89.22 — an extremely high level. While this generally signals overbought conditions, it also shows strong buying momentum. RSI(12) and RSI(24) are also high, which means that even in the case of a short correction, buying pressure could remain intact. *3. Bollinger Bands:* The price recently bounced from the lower band and is moving toward the middle band. If the volume supports it, I expect the price to approach the upper band — around *0.79–0.80*. *4. Trendline:* There’s a potential pullback move forming toward the descending trendline, which matches the behavior I anticipated (indicated by the curved green arrow). *Summary:* In my opinion, a rise toward the 0.79–0.80 range looks likely in the next short-term window — not as a trend reversal but rather a corrective bounce. If I were trading this move, I’d place a stop-loss slightly below the 0.50 level.
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