The recent pullback on #ChineseMemeCoins could give you a better entry point if you missed the first wave. 😵😵
1. The safest play: #BinanceLife $币安人生
Since its spot listing on January 7, LIFE has moved from the Alpha discovery phase to a more established position.💪💪💪
Currently sitting around 42–45 RSI on the 4H chart. This is a significant cooling off from the overbought 79 seen last week. It suggests the initial listing pump has been digested.
MACD is showing a bullish convergence on the 1H timeframe after a period of consolidation. The 4H MACD histogram is still slightly negative but shrinking, indicating selling pressure is exhausting.
2. The Alpha momentum play $我踏马来了 #WTML - "I'm Freaking Here"
This is the current Alpha darling that recently exploded after social media interactions with CZ.👍👍
RSI is high at around 65–68. It is nearing overbought territory but still has room for a blow-off top if a spot listing announcement happens.
MACD is firmly bullish. The MACD line is well above the signal line, showing strong upward momentum.
3. The high risk meme play. Vile Penguin $恶俗企鹅
Commonly referred to in English as Vile Penguin. This is a parody of Pudgy Penguins that went viral in Chinese Telegram/WeChat groups.
Extremely volatile. It recently saw a -31% weekly correction but is showing signs of life today, up +0.85% to $0.0032.
RSI 4H is currently around 38–40. This is near the oversold threshold. It is much more beat up than the other tokens, which often attracts bottom-fishers in the Alpha scene.
MACD is still bearish on the 4H, but the 1H is showing a double bottom divergence. The selling pressure is decelerating, but it hasn't fully flipped to a buy signal yet.
This is a high-risk contrarian play. You are essentially betting that the Vile Penguin narrative isn't dead and will catch a second wind. Wait for the MACD to cross over on the 15-minute chart before entering.
Look out for social media interactions and Chinese New Year themes adding fuel