Bonk USDTMost Meme coins have broken their macro structure. Plus the God candle on the left offer no resistance for the macro trend hence it will look for equal highs to consolidate and retrace
How do we play?
There are two options
1. If the trend reclaim the previous lows and holds it. We can enter on retest.
2. We can wait for the trend to completely retrace and then enter.
Both options will have safe entries.