$MEME/USDT Bearish Reversal – Sellers Test Control
MEME saw a significant intraday increase but was capped near the 0.00292 resistance level. The price is losing momentum after the upward move (circled area) and showing signs of weakness, suggesting a possible short-term pullback.
Trade Setup (Short Entry):
Entry Point: 0.00285 – 0.00287
Target 1: 0.00275
Target 2: 0.002597
Stop Loss: 0.002920
Market Outlook:
As long as MEME trades below 0.00292, sellers have the upper hand in the short term. A break below 0.00280 could quickly extend the bearish momentum. Only a breakout and sustain above 0.00292 would invalidate this bearish setup.
#MEME #Altcoin #Cryptocurrency Trading #Binance
#Bearish Setup
{Spot}(MEMEUSDT)

