🐸 MEME/USDT Analysis: Is the Frenzy Just Beginning, or Are We About to Bottom Out and Rebound? 🚀
Support: $0.0010 is a solid bottom. We've tested this level multiple times this week, with buyers entering each time.
Resistance: We're currently battling the 20-day moving average ($0.0115). We need a daily close above this level to see a true "breakout."
🎯 My Investment Plan
Entry Point: I'll consider adding to my position if the $0.0010 support level is tested again.
Target: My primary target is $0.0014 if the recent resistance level is broken. A push towards $0.0020 in February isn't impossible if risk appetite continues.
Warning: This is just a "meme coin," folks! Don't go all in. To protect against a market reversal, I recommend setting a stop-loss order around $0.0009.
{spot}(MEMEUSDT)
#MEME #MarketRebound