$MEME is currently consolidating at $0.001329 following a strong upward move. The token reached a 24-hour high of $0.001507 before pulling back from its $0.001230 low.
This retracement appears to be a normal correction, with price maintaining support above key levels and positioning for its next directional breakout.
Trade Setup: Long Position*
Entry strategy focuses on consolidation continuation above current pivot support.
Target: $0.001399 (First resistance level)
Stop Loss: Below $0.001277 (Recent swing low and critical support)
The risk-reward setup favors bullish continuation if the pivot holds, but traders should watch for any breakdown below $0.001277 which would invalidate this setup.
