$MEME /USDT BEARISH SETUP LOOMING – RISING CHANNEL WEAKNESS SPOTTED!
$MEME /USDT is currently trading inside a rising wedge pattern, typically considered a bearish reversal setup. After multiple rejections from the 0.00230 resistance zone, the price has started to show signs of weakening momentum with lower volume on recent pushes. If the price breaks down from this channel, it could trigger a strong short opportunity.
Trade Setup:
Short Entry: 0.00220 – 0.00218
Take Profit (TP): 0.00210 / 0.00200
Stop Loss (SL): 0.00226
Market Outlook:
The market is lacking bullish conviction near resistance, and the price is failing to create higher highs. A breakdown from the wedge would confirm bearish continuation toward previous support zones. Risk management is key as volatility is increasing near the breakout point.
Command for you: "Be ready to catch the fall before it slides away!"
#CryptoSetup #MEMEcoin #BearishSignal #TradingStrategy #Altcoins