MEMEFI/USDT Bearish Rejection at Supply Zone Incoming? Down!!
Price is currently approaching a key supply zone after a sharp drop, with signs of weakness on the lower timeframe. The recent bullish push appears corrective, forming a potential lower high structure.
Looking for price to tap into the highlighted supply area and show rejection — this could confirm a short opportunity.
Entry: 0.00447
Stoploss: 0.00466
Target:
• TP1: 0.00428
• TP2: 0.00412
• TP3: 0.00398
• Final TP: 0.00370
This setup aligns with a bearish continuation bias unless price breaks cleanly above the zone.
Looking for price to tap into the highlighted supply area and show rejection — this could confirm a short opportunity.
Entry: 0.00447
Stoploss: 0.00466
Target:
• TP1: 0.00428
• TP2: 0.00412
• TP3: 0.00398
• Final TP: 0.00370
This setup aligns with a bearish continuation bias unless price breaks cleanly above the zone.
Trade closed: target reached
MEMEFI – Trade Update
Perfect entry achieved, and TP3 has been hit!
Hopefully, you took partial profits along the way, as the price has now returned to the entry level.
Congratulations on a successful trade!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.