$MEME
Buy Signal:If the price holds above $0.01062 and shows signs of reversing upwards (especially if the RSI starts showing an upward trend), it may be a good time to buy.Entry Point: Consider entering a long position if the price bounces off the $0.01062 support level.Target Price: $0.01150 - $0.01180 (Resistance zones)Stop Loss: Below $0.01050 to protect from further downside.Sell Signal:If the price breaks below $0.01062 and there are no signs of a quick reversal, consider shorting or taking profits if already in a long position.Target Price for Shorts: $0.01040 or lower.Stop Loss: Above $0.01125, to limit risk if the price continues its downtrend.Conclusion:Short-term Trend: Bearish with a 4.50% drop in price over the past 24 hours. The price has recently reached support at $0.01062.Long-term Outlook: Neutral-to-bearish, as the price is hovering around the support level, and the moving averages are suggesting some downward pressure.
A buy signal is viable if the price holds above $0.01062 with signs of a bounce, aiming for a target of $0.01150 - $0.01180.