MEME/USDT 4-hour chart analysis for today’s trade:
$MEME 🚀 MEME/USDT Trade Update 📊
1. Price Action:
Current price: 0.001783
24h High: 0.001858
24h Low: 0.001710
Recently dropped to 0.001710 and bounced, showing a short-term recovery.
2. Trend Observation:
Price has been in a short-term downtrend after hitting 0.001874.
Recovery candles are forming, but volume is not strongly increasing yet.
3. Indicators:
MA(5) and MA(10) are close together — no clear bullish crossover yet.
Volume shows selling pressure earlier, with some buying interest now.
Long-term performance (30, 90, 180 days) still shows heavy losses, meaning macro sentiment is bearish.
4. Possible Strategy for Today:
Buy Entry (Short-term): If price breaks and sustains above 0.001800 with strong green volume, target 0.001840–0.001860.
Sell/Short Entry: If price falls below 0.001720, next support is near 0.001650.
Keep tight stop-loss due to volatility — SL around 2–3% from entry.
📌 Note: Today’s move will depend on whether buyers can hold above 0.001780. If not, sellers may take control again.