$MEME /USDT BEARISH MOVE IN PLAY ⚠️📉
🔍 Technical Analysis (4H Chart Overview):
$MEME /USDT is showing weakness after failing to hold above a key resistance. Price is currently trading at $0.001627 (-5.63%), indicating strong bearish pressure.
📊 Key Levels to Watch:
Resistance: $0.001720 (Major Rejection Zone 🚫)
Support 1: $0.001600 (Currently Holding)
Support 2: $0.001570 (Next Demand Zone 📉)
⚙️ Trade Setup - SHORT POSITION:
Entry: $0.001630 - $0.001640 (On Weak Re-test)
Stop Loss: $0.001675 (Above resistance wick 🚫)
Target 1 (TP1): $0.001600
Target 2 (TP2): $0.001570
📌 Confirmation: Bearish candles with lower highs, failing to break above resistance zones. 4H momentum indicators signaling downside continuation.
📉 Risk Management Tip:
Never risk more than 1-2% of your capital per trade! Use tight SL and scale out profits as price drops. Smart trading = long-term survival 🧠💼
🚨 Stay alert and follow price action — the trend is your friend! 🧭
#DAOBaseAIBinanceTGE #FOMCMeeting #BombieBinanceTGE #MetaplanetBTCPurchase #w $MEME