A short squeeze of $14,300 was triggered at $0.00126, forcing short positions to close and easing short-term selling pressure. Such short squeezes typically drive prices higher when prices remain above the trigger level.
With the shorts liquidated, $MEME is currently trading near a key reaction zone. If buyers maintain control and volume supports this, the price could continue higher from here. Failure to hold this area could lead to a brief consolidation before the next upward move.
Trading Setup – $MEME
Target Price: $0.00124 – $0.00127
Target Price 1: $0.00132
Target Price 2: $0.00138
Target Price 3: $0.00145
Stop Loss: $0.00121
Short squeezes alter market equilibrium – allowing price action to confirm direction.
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