I would like to express my gratitude to my teacher @Trader-İCe, who voluntarily shared his experiences with us, both technically and fundamentally, without any interest. If you don't follow him yet, I highly recommend him, go check out one of his pages and you will understand what I mean ❤️❤️

$MEME coin has a falling trend on the daily chart for 111 days as of today. It made exactly 5 contacts with this trend and continued to fall by crashing into the trend each time. Now, it seems to have received its first reaction from the support zone we mentioned on the daily chart. So what kind of price movement does he expect now? If we think optimistically, the first target may be to test the nearest resistance zone and then the support zone again, because if it makes such a move, the double bottom "W" formation will be formed, and as we have always said in our past posts, when the falling trend in the double bottom formation breaks, the price will reach the formation target. expense. We will see whether it will make a double bottom and continue on its way, or whether it will move towards resistance zones with the reaction it receives from here.


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