[Market Update – Memefi on the Move]

Memefi has seen a significant pump recently, largely fueled by smart money accumulation. However, we’re now observing a potential shift in momentum. A clear structural break on the 15-minute chart and a sweep of a short-term buy-side liquidity suggest that distribution may be complete, and price could now be targeting the recent lows.

Scalping shorts could be considered with tight risk management, but caution is advised—this setup carries increased volatility. Long positions are not recommended at this stage unless we see convincing signs of a reversal supported by volume and structure.

Be aware. A potential run towards 50 to 68% is also possible.

Are you preparing to trade the next move, or staying on the sidelines for now?