MEME/USDT – Bearish Continuation Risk!
🔹 Current Price: $0.00379 (+6.46%)
🔹 Key Levels: $0.00337 (Support) – $0.00392 (Resistance, 24h High)
🔹 Indicators:
RSI (48.05) → Neutral, no strong bullish momentum.
MFI (41.33) → Weak demand, liquidity concerns.
🚨 Why Bearish?
❌ Long-Term Downtrend – Price down -10.61% (7D), -44.91% (30D), -88.43% (1Y).
❌ Weak Buying Pressure – High MEME trading volume, but low USDT activity → possible liquidity risk.
❌ Resistance at $0.00392 – Struggle to break above key level, risk of reversal.
📊 Trade Plan
🔻 Short Entry: If price fails to break $0.00392 and RSI stays weak.
🎯 Target: $0.00337 (24h support level).
🛑 Stop-Loss: Above $0.00392 (invalidates short setup).
⚡ Watch for rejection at $0.00392! If volume stays low and selling pressure increases, downside risk remains.
