• Position: Sell (SELL) according to the downtrend
• Entry: Consider SELLing around the 0.0022 – 0.0023 area (near resistance + distribution zone)
• Stop Loss: Above 0.0023 (beyond the red cloud and the peak volume zone)
• Take Profit 1: 0.00175 (current weak support)
• Take Profit 2: 0.00160 (expanding the downtrend margin)
• Expected R:R ratio: 2.5:1 to 3:1 if not swept by false break
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📊 Why should we maintain a sell stance?
📊 Technical analysis and strategic points:
1. Price Structure (Market Structure):
• MEME is in a short-term downtrend, clearly shown by the pattern of lower highs and lower lows.
• Price behavior shows no signs of forming a solid bottom, mainly featuring weak retracements (dead cat bounce).
2. Ichimoku Kinko Hyo:
• The current price is below the thick red cloud → downward pressure still dominates.
• There are no signs of price breaking above the cloud or switching to the green cloud → the buying side still does not have control.
3. Order Flow & Delta:
• The Delta index records very strong negative swings (-5.6B, -3.2B) → active selling force from big players, with no signs of incoming capital.
• This is clear evidence that 'whales are unloading', not accumulating.
4. Volume Profile & price behavior:
• The largest volume is concentrated in the 0.0023 area – a high price zone, but then the price plummeted → this is a sign of distribution, not accumulation.
• There is no clear support volume at the current bottom.
5. MACD:
• MACD is deeply below the 0 axis, the histogram has not shown any bottoming signal.
• The buying side lacks clear momentum, so any current retracement is likely a bull trap.
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📌 Summary of the points:
MEME/USDT continues its short-term downtrend with large distribution volume, negative MACD, and Ichimoku supporting the downtrend. At this moment, the best strategy is to consider SELLing when the price retraces to resistance, and avoid FOMOing to catch the bottom when there is no clear confirmation from volume and technical reversal signals.