Magic Eden’s ME Token Eyes Bounce After Trump Wallet Volatility

6月4日

On June 3,, Magic Eden(MEUSDT) announced a collaboration with a project called to launch a new" Trump Wallet"

This announcement triggered a +35% price increase, pushing the price of ME Token to approximately $1.17.

However, shortly afterward, members of the Trump family, including Donald Trump Jr., denied any involvement with the wallet or the project.

This resulted in a -20% price drop due to shaken investor confidence.
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Let’s see how ME Token is doing on the 1-hour timeframe.

ME Token is trading in the Support zone($1.03-$0.96) near the 50_SMA(Daily).

From the Elliott Wave theory perspective, ME Token seems to have completed the main wave 3 and is currently completing the main wave 4.

I expect ME Token to rise to at least $1.146(+15%).

Second Target: $1.237

Note: Stop Loss = $0.95

Please respect each other's ideas and express them politely if you agree or disagree.

Magic Eden Analyze (MEUSDT), 1-hour time frame.

Be sure to follow the updated ideas.

Do not forget to put a Stop loss for your positions (For every position you want to open).

Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.

Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.

6月4日

交易進行

Trade was activated in Support zone($1.03-$0.96)

6月5日

交易結束：達到停損點

Stop Loss was touched = $0.95