Is it time for a new start for $MEME ? Here's a technical analysis and a smart trading strategy.
Technical Analysis for #MEME/USDT
Current Price: $0.002356
Daily Change: +3.15%
24-hour High: $0.002390
Low: $0.002225
Technical Indicators:
Bollinger Bands:
The price is moving between the average and the upper band, indicating a gradual improvement in upward momentum. Its stability above the average supports the idea of a continued upward trend.
MA(5) and MA(10):
A positive crossover is emerging, enhancing the chances of an uptrend if the momentum continues.
RSI (6):
Recording 52.67, a neutral level with a positive bias, providing flexibility for upward movement without oversaturation.
MACD:
The negative momentum is gradually fading, opening the door for a gradual improvement in buying power.
Trading Strategy: "Buy on Consolidation"
Entry Area:
Between $0.00230 and $0.00236 after confirming stability above the moving average.
Stop-Loss Area:
Below $0.00218 to ensure a safe exit in the event of a reversal.
Profit Targets:
First Target: $0.00255
Second Target: $0.00278
Third Target: $0.00295 if the momentum continues.
Do you expect MEME to witness a new breakout and enter a strong upward wave? Or are we facing strong resistance that is difficult to overcome at the moment? Share your opinion in the comments!
