$MEME Short-Term Momentum is Strong 🚀
$MEME saw a single-day increase of +24%, with very strong trading volume relative to its market capitalization, confirming active buying. Current momentum is clearly bullish, but the market is volatile, so risk management is crucial.
📈 Trading Strategy: Long $MEME
• Entry Range: $0.00118 – $0.00124
• Target Price:
– $0.00145
– $0.00160
• Stop-Loss Price: $0.00097
🔍 Reasons for Going Long?
This rally was supported by trading volume exceeding $22 million, while its market capitalization is approximately $76 million, indicating genuine market participation rather than a pump-and-dump scheme due to insufficient liquidity. The price has broken through the previous low near $0.00100 and is holding at higher levels. As long as MEME remains above $0.00100, the upward trend may continue.
⚠️ Warning:
If the price strongly breaks below and remains below $0.00097, the bullish pattern will be invalidated, indicating a deeper pullback.
Trade cautiously and manage risk ✨
{spot}(MEMEUSDT)
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