$MEME $MEME

$MEME /USDT Trade Analysis

Current Price: $0.01084

Resistance Levels:

R1: $0.01123 – recent 24-hour high, indicating the first resistance level.

R2: $0.01137 (MA(25)) – mid-level resistance, watch for strong selling pressure here.

R3: $0.01260 (MA(99)) – upper resistance and potential breakout target if bullish momentum strengthens.

Support Levels:

S1: $0.01062 (MA(7)) – close to the current price, an initial support level.

S2: $0.01000 – 24-hour low, key level for downside protection.

Trade Strategy

Entry: $0.01080, slightly below the current price to capture an optimal entry if there’s a minor pullback.

Target 1: $0.01123 for a quick, conservative exit.

Target 2: $0.01137 for a more extended profit target on sustained strength.

Stop-Loss: $0.00970, placed below S2 to manage risk if the trend reverses.

This setup is designed to benefit from short-term upward momentum. Monitor volume increases at each resistance level for signs of a breakout or reversal. Adjust stop-loss closer to entry after hitting Target 1 to protect gains.

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