They call it the dead cat bounce, but $MEME might have a different story.

$MEME /USDT – Buy (LONG)

Trading plan:

Entry point: 0.000719 – 0.000724

Stop loss (SL): 0.000707

Take profit 1 (TP1): 0.000737

Take profit 2 (TP2): 0.000742

Take profit 3 (TP3): 0.000752

Why this setup?

The four-hour chart is ready to move. The Relative Strength Index (RSI) is at a neutral level of 52.72, consolidating and ready to move. The main entry area is between 0.000719 – 0.000724. The first target TP1 at 0.000737 provides a clear target while respecting the daily downtrend.

Discussion:

Is this the start of a real reversal, or just another trap in a bear market?

#USNFPBlowout #USRetailSalesMissForecast

MEME

0.000502

-4.19%