I was expecting $MEME to break this rejection….. but it failed and got rejected again. It’s a clear rejection now, with very low chances of moving upward. That’s why I’m taking a short entry from here.
Selling pressure has increased on $MEME , which is why it’s unable to break this area. We’ve already seen it tap this rejection 3–4 times and drop back down. So I’d suggest considering a short entry….it may move quickly toward the support as selling pressure is strong.