🚨 $MEMEFI /USDT Discussion: Scam Concerns & Technical Setup
### Key Observations
1️⃣ Technical Patterns Noted:
- Descending Channel (bearish structure)
- Double Top (potential reversal signal)
- Fibonacci Retracement (key levels broken)
Note: Patterns alone don’t confirm a scam, but they show risk.
2️⃣ Scam Red Flags to Investigate:
- Team Anonymity: No public devs/leads?
- Liquidity Issues: Thin order books or sudden dumps?
- Unrealistic Promises: "Guaranteed profits" or hype-driven marketing?
- Contract Risks: Audited? Rug-pull warnings?
### Community Callout
🔍 If You Have Proof:
- Share screenshots of suspicious activity (e.g., wallet drains, dev sells).
- Link to contract audits (or lack thereof).
- Report exchange listings (CEX/DEX risks).
👇 Comment Below with verifiable evidence—no rumors.
- Short Trades: Risky on low-cap coins (extreme volatility + potential manipulation).
- If You Shorted Early: Explain your rationale (e.g., pattern breakdown, volume anomalies).
### My Stance
⚠️ Not Calling It a Scam Yet—but proceed with extreme caution.
✅ Always:
- Trade small (1-2% risk).
- Use hard stops.
- Verify project fundamentals.
