$MEME /USDT SHORT TRADING GRID BEARISH REVERSAL IN PLAY
Current Price: 0.003499
Time Frame: 1-hour chart
Market Structure: After a strong rise of +35% over the last 24 hours, MEME shows signs of exhaustion with consecutive red candles indicating potential downward pressure.
ENTRY LEVEL:
Enter a short position between 0.003520 – 0.003560 on minor pullbacks.
STOP-LOSS:
Set a stop-loss above 0.003650 to protect against sharp spikes.
TARGET POINTS:
TP1: 0.003400
TP2: 0.003250
TP3: 0.003100
TRADING ANALYSIS:
After reaching a high of around 0.004319, selling pressure dominates with lower highs and lows forming. A break below 0.003400 could accelerate the downward move to 0.003100 if bearish momentum persists.