$MEME
{Spot}(MEMEUSDT)
– Parabolic Breakout and Retest Phase
$MEME surged from the $0.0025 demand zone, rebounding sharply to resistance above $0.0040 before retreating. On the four-hour chart, the price is currently retracing to the Fair Value Gap (FVG) around $0.0035 to $0.0037, where bulls are attempting to stabilize.
Key Levels:
Strong Support: $0.0025 (rebound starting point, high volume bottom)
Current Range: $0.0037 (FVG mid-level)
Resistance: $0.0042 to $0.0045 (near-term ceiling)
Trading Plan:
Holding above $0.0035 would open up further gains to $0.0042 to $0.0045.
A clear breakout above $0.0045 could lead to a further decline towards the psychological resistance level of $0.0050.
Stop Loss: Below $0.0033 (FVG structure failure)
Target: $0.0042 / $0.0045 / $0.0050
Failure: A break below $0.0033 could pull the price back towards the $0.0025 support level.
MEME is in a post-breakout retest phase. Bulls must hold $0.0035 to maintain momentum. A successful break above $0.0035 could lead to another up move, but a break below $0.0033 could trigger a further decline towards $0.0025.
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