Meme Coins Starting to Shake? TIME TO SHORT?! ๐ถ๐ธ๐ฌ๐๐ฃโ ๏ธ๐ป๐๐ง ๐๐ก๐ผ๐จ๐ฏ๐๐ง๐งฏ๐ช๏ธ๐ก๏ธโ๐โณ๐๐ฅ๐ฅ
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1. ๐ Many Meme Coins Weak Technically
Some major meme coins like DOGE, SHIBA, PEPE are starting to fail to break resistance ๐๐ป. RSI is starting to drop, buying volume weakens โ bearish signals are starting to dominate ๐๐ฃ
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2. ๐ Whales Selling Slowly
There is a surge of large transactions to exchanges from old wallets ๐๐ก. This means that big players are starting to distribute. This often becomes an early sign of a decline ๐ฆโ ๏ธ
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3. ๐งฑ Inflow to Exchanges Increases Drastically
Many meme tokens are being sent to exchanges โ a signal that the market is ready for mass selling ๐ผ๐จ. The potential for price pressure is increasing if panic selling starts ๐๐ฅ
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4. ๐ฃ Hype Down, Volume Down
Social media starts to quiet down discussing meme coins ๐ถ๐. The community is not as active as before. If there are no strong catalysts, prices are usually prone to drop โ๐งฏ
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5. ๐ง Multi-Coin Short Strategy
Look for entry after a breakdown of the main support ๐๐. Place SL above resistance ๐ก๏ธ and take TP gradually. Focus on coins that have decreased in volume but still have a high market cap ๐๐ฏ
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6. โ ๏ธ The Market Can Turn Quickly, Donโt Get Complacent!
Meme coins are unpredictable ๐ช๏ธโกโthey can short squeeze at any time. Must be disciplined, use trailing SL, and donโt over-leverage ๐๐ง๐ง
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Some meme coins are technically and on-chain weak. If selling pressure continues, this could be an interesting SHORT opportunity... but be careful, as their movements can be brutally two-sided! ๐๐ฃ๐ฅ
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