$MEME /USDT BEARISH PRESSURE BUILDING — RETEST OF LOWER SUPPORTS IMMINENT!
$MEME has dropped sharply by over 8% and is currently trading near $0.002806, losing momentum after rejection from the $0.003700 resistance zone. Price action is forming a bearish structure, with increasing sell volume pushing it closer to the next key support near $0.00260. Failure to hold this could trigger a further decline toward $0.00240 and $0.00220 levels.
Trade Setup (Short):
Entry: $0.00280
Target 1: $0.00260
Target 2: $0.00240
Stop Loss: $0.00300
Market Outlook:
Bearish sentiment dominates as the price breaks below short-term moving averages. A clean rejection from higher resistance and consistent lower highs suggest continued downside. Caution is advised on long entries unless bullish reversal signs emerge.
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