$MEME/USDT

Current price: 0.00240
Target Price:

- TP1: 0.00255 (Fibonacci 38.2% extension level)
- TP2: 0.00263 (neckline breakout level/Fibonacci 61.8% extension level)
- TP3: 0.00272 (Fibonacci 261.8% extension level)
Stop-loss price: below 0.00232

Reason for Purchase:

1. Shape Confirmation:
- The daily level has formed a "double bottom" breakout pattern (lasting 18 trading days), with the neckline at 0.00255.
- Measure of increase = Bottom depth × 1.618 = 0.0002 → Target price 2 = 0.00228 + 0.0002 = 0.00248 (actual rounded to integer 0.00263)
2. Trend Structure:
- The weekly level breaks the descending trend line (connecting the Q3 2024 highs), and the price stands above MA(50) 0.00240
- Short-term trend is upward, the middle line of the Bollinger Bands has moved up to 0.00245
3. Breakthrough Potential:
- After breaking 0.00255, open up the upward space to 0.00272+ (Fibonacci 261.8% extension level)
- If an effective breakout occurs, it may trigger a 2.0x leverage contract liquidation.
4. Indicator Verification:
- RSI(14)=65 (neutral to bullish), MACD red bars expand, double line golden cross
- The OBV indicator has reached a new 15-day high, indicating capital inflow.
- The trading volume must exceed 2.5 times the daily average when breaking through.

Key technical features:

- Morphological parameters:
- Double bottom spacing: 18 trading days (daily line)
- Neckline: 0.00255 (connecting the double bottom highs)
- Fibonacci Extension:
- 0.00255 = (0.00228 → 0.00248 increase) × 0.382 + 0.00248
- 0.00263=(0.00228→0.00248 increase)×1.618+0.00248
- 0.00272 = (0.00228 → 0.00248 increase) × 2.618 + 0.00248
- Wave Structure:
- Wave 3 Main Uptrend: 0.00228→0.00272 (Target Price 3)
- Currently in the 3rd wave, sub-wave 3 (0.00248→0.00272)

This content is for reference only and should not be considered as investment advice.