Post
--Bullish
$memes
Well, guys, I took the time to autopsy the $MEMES (with an S, don’t get the ticker wrong!) and here’s what’s really happening behind the red candles.
First, we need to stop panicking about liquidity. Yes, it’s not locked, that’s a fact. But look at the numbers: we have $205k in liquidity for $703k in volume over 24 hours. That means cash is circulating at a crazy speed (more than 3 times a day). It’s a huge sign of life, not a clinical death.
On the technical side, we’re in total abuse. The RSI has dropped to 16.64. For those who are beginners, it’s like a rubber band that we've stretched to the maximum downwards: at this level, the selling force is exhausted. Mathematically, we call this a capitulation zone. We touched the bottom of the Bollinger Bands at $0.00081 and it got bought back immediately.
The contract? It’s clean. 0% tax, no "mint" function to secretly print tokens, and the sales go smoothly. The "sketch" you see in the order book is just bots having fun because it’s Saturday and the end of the month. They scare the "weak hands" to buy back their tokens at $0.00086 while the real serious sell wall is only at $0.00115.
My opinion: we are at a strategic low point. The market is just waiting for the return of liquidity at the beginning of the month to go back to the $0.00112 zone. I have my 110,475 tokens and I’m not moving an inch. We don’t sell an RSI at 16.
Keep a cool head, look at the numbers, not your emotions.
Well, guys, I took the time to autopsy the $MEMES (with an S, don’t get the ticker wrong!) and here’s what’s really happening behind the red candles.
First, we need to stop panicking about liquidity. Yes, it’s not locked, that’s a fact. But look at the numbers: we have $205k in liquidity for $703k in volume over 24 hours. That means cash is circulating at a crazy speed (more than 3 times a day). It’s a huge sign of life, not a clinical death.
On the technical side, we’re in total abuse. The RSI has dropped to 16.64. For those who are beginners, it’s like a rubber band that we've stretched to the maximum downwards: at this level, the selling force is exhausted. Mathematically, we call this a capitulation zone. We touched the bottom of the Bollinger Bands at $0.00081 and it got bought back immediately.
The contract? It’s clean. 0% tax, no "mint" function to secretly print tokens, and the sales go smoothly. The "sketch" you see in the order book is just bots having fun because it’s Saturday and the end of the month. They scare the "weak hands" to buy back their tokens at $0.00086 while the real serious sell wall is only at $0.00115.
My opinion: we are at a strategic low point. The market is just waiting for the return of liquidity at the beginning of the month to go back to the $0.00112 zone. I have my 110,475 tokens and I’m not moving an inch. We don’t sell an RSI at 16.
Keep a cool head, look at the numbers, not your emotions.
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