🚨 $MEME /TRY BEARISH BREAKDOWN – SELLERS PUSHING LOWER!
$MEME/TRY is under strong downside pressure after rejecting resistance near 0.0641. With momentum shifting in favor of sellers and price forming a series of lower highs, a continuation of the downtrend appears likely unless key support holds.
🔑 Key Levels
Resistance: 0.06290 – 0.06460
Support: 0.05800 (immediate), then 0.05700
Current Price: 0.05880
📊 Trade Setup (Short):
Entry Zone: 0.05860 – 0.05920
Take Profit 1: 0.05770
Take Profit 2: 0.05600
Stop Loss: 0.06250
💡 Short Market Outlook:
Momentum is clearly fading after a failure to reclaim the 0.06400 zone. Price is hugging the lower Bollinger Band with increasing volume on red candles. A breakdown below 0.05800 would likely accelerate the bearish move. No bullish divergence or reversal signal visible on short-term charts.
⚠️ Risk Management:
Risk only 2–3% of portfolio per trade
Use tight stop-loss at 0.06250 to reduce downside from fake breakouts
Watch volume: a volume spike below 0.05800 could confirm further weakness
Let me know if you'd like a bullish reversal setup, or updates on another pair!