$MEME

USDT BEARISH REVERSAL ON STRONG RESISTANCE 🚨

The price of $MEMEUSDT is currently facing strong resistance around 0.001562 - 0.001564, failing to break above this zone multiple times. At the moment, it is trading near 0.001544, showing rejection wicks and a potential reversal pattern.

🔑 Key Levels:

Resistance: 0.001562 – 0.001564 (major supply zone)

Support: 0.001497 (previous demand zone)

Current Price: 0.001544

📉 Trade Setup (Short):

Entry: 0.001548 – 0.001562 (ideal short entry near resistance)

Targets:

TP1: 0.001520

TP2: 0.001497

Stop Loss: 0.001570 (above resistance rejection zone)

📊 Market Outlook: MEME is showing bearish momentum as it repeatedly fails to break above the resistance area, forming lower highs. A potential downside move towards the support at 0.001497 is expected if rejection persists. Watch volume and price action confirmations for entry confidence.

⚠️ Risk Management: Risk only 1-2% per trade, ensure tight SL above resistance, and avoid over-leveraging in ranging conditions.

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buy and trade here on $MEME