Five major technical indicators from senior traders to help you quickly capture the MEME trend

Author: Minty

Compilation: Deep Tide TechFlow

For entertainment purposes only, not constitute financial advice.

Momentum Shift: Observe changes in market momentum and look for potential trading opportunities.

For market leaders experiencing serious dumping, I look for the formation of higher lows (HL) and higher highs (HH) to establish a new market structure.

Using other signals as potential resonance references, no indicator should be used alone.

Looking for dumping projects with features such as new narrative, strong volume, and continuous rise in the number of holders.

The get on board strategy may include getting on board in the 0.786 Fibonacci zone or looking for get on board opportunities for bullish projects at each high and low point (HL), depending on personal preferences.

Accumulation area: After the market falls, look for a range where the price fluctuates, which is usually considered as accumulation phase.

Usually define a clear consolidation zone after dumping.

Sometimes the integration of regions may not be very obvious, as the PA of meme coin may be more unstable.

The definition of consolidation depends on the market context. Although consolidation is often seen as an accumulation zone after dumping, the specific situation may vary.

Sometimes, these areas will first break downwards to form a new trading range, and then break upwards again.

ATH Breakouts: When the price breaks through the All-time high, it may indicate a new pump trend.

Breaking through all-time highs (ATH) is a key level that needs to be closely followed, as they can be powerful signals of price expansion.

If a breakthrough occurs, this may mean that the resistance level turns into the support level, which could be an important rebound point in future price retracements.

For meme coins as a whole, price discovery is crucial as it drives market speculation.

Fibonacci Retracement: Using the Fibonacci sequence to identify potential support and resistance levels.

In the Fibonacci retracement, the red and yellow areas are often seen as potential entry points for bullish momentum.

The 0.618 level is the ideal get on board point for a larger pullback, while the 0.786 level is suitable for Rebound operation after Depth pullback.

Some people draw Fibonacci from the body of the candlestick chart, while others use wick, which is completely dependent on personal preference.

Support and resistance levels: The price may encounter resistance or support levels during a downtrend or pump process.

The main support levels include support / resistance (S/R) switches, previous ATH breakthroughs, double bottom patterns, accumulation areas, etc.

In terms of resistance, lower high points and difficulties in breaking ATH may cause the price to return to the mean of the midpoint or support level.

To master these analytical methods requires rich experience. The more PA observed, the more patterns can be identified.

Some Notes

The key pattern is not always accurate. Combining multiple resonance signals can improve the probability of success.

In a bullish market, execution is easier to get returns; while in a bearish market, strategic operations are needed more.

The filter from Dexscreener can help you track when the price reaches the target level.

Especially in new hot projects, don't expect to always get the ideal entry point. You may be preempted due to higher gas fees and limit orders.

Do not overreact to missing out on good trades. In experience, forcing trades due to fear of missing out (FOMO) often leads to greater losses.

I usually default to viewing the daily candlestick and weekly chart, and at least the 4-hour chart, because the shorter the time, the more market noise.