🚨 Technical Analysis for Stock $MEME - Potential Sell Opportunity
Stock $MEME is retesting the resistance area of 0.003710 - 0.003900 after its recent decline. This area previously acted as supply, and the current retest indicates a potential continuation of the bearish momentum. On the four-hour chart, momentum indicators remain weak, suggesting seller dominance.
If Stock $MEME cannot hold above the level of 0.003900, the bearish scenario will remain likely with room for further decline.
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📉 Short Setup
Entry Area: 0.003710 – 0.003900
First Profit Target: 0.003400
Second Profit Target: 0.003150
Third Profit Target: 0.002900
Stop Loss: 0.004050
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💡 Note: A breakout above the level of 0.004050 and closing above it with strong trading volume will invalidate this setup and shift the momentum towards higher levels.
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