šØ $MEME Technical Analysis ā Potential Short Opportunity
$MEME is retesting the 0.003710 ā 0.003900 resistance zone after its recent drop. This area has previously acted as supply, and the current retest suggests a possible continuation of the bearish momentum. On the 4H chart, momentum indicators remain weak, signaling seller control.
If $MEME fails to hold above 0.003900, the downside scenario remains favored with room for another leg lower.
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š Short Setup
Entry Zone: 0.003710 ā 0.003900
TP1: 0.003400
TP2: 0.003150
TP3: 0.002900
Stop Loss: 0.004050
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š” Note: A breakout and close above 0.004050 with strong volume would invalidate this setup and shift momentum toward higher levels.
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