A short covering event of $12,500 was triggered at $0.00086, forcing short positions to close and easing short-term selling pressure. Such covering typically acts as a price driver when the price remains above the trigger level.
With the shorts liquidated, $MEME is currently in a key pullback zone. If buyers maintain control and volume supports this, $MEME may continue its upward trend from its current position. If this zone fails to hold, the price may consolidate briefly before continuing its upward movement.
Trading Setup
Target Price: $0.00085 – $0.00087
Target Price 1: $0.00092
Target Price 2: $0.00099
Target Price 3: $0.00110
Stop Loss: $0.00082
Short covering will change the market balance – wait for price action to confirm direction.
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