$MEME Daily Chart – Bearish Continuation Pattern The strong bearish structure remains intact after failing to reclaim the key supply zone of 0.0018–0.0020. The price is currently below all major exponential moving averages (20/50/100/200), forming a perfect descending channel with lower highs and lower lows. Volume indicates that each attempt to rally has encountered strong selling pressure, while the Relative Strength Index (RSI) is falling from the 50 midline – a typical distribution pattern. Short entry points: 0.00120 – 0.00125 TP1: 0.00095 TP2: 0.00074 (Channel bottom + 0.618 Fibonacci extension) TP3: 0.00052 (2024 low retest) SL: 0.00152 (Channel top + above previous high) Risk Management: Maximum risk per trade should be controlled within 2-3%, with a risk/reward ratio of at least 1:3. Move the stop-loss to the break-even point after reaching TP1. #MEMECOIN #MEME #TechnicalAnalysis #Bearish #ShortSellSetup