The earlier move paid and price failed to build acceptance on the bounce.
Leaning short in the 0.115 – 0.118 area.
Downside levels:
• 0.108
• 0.102
• 0.095
Above 0.125, the idea is invalid.
Every push higher is getting sold again. Structure remains bearish and momentum stays weak. This looks more like distribution into liquidity than a genuine reversal.
Most memecoins that pump today will never revisit their highs.
$DOGE is still below its peak. $SHIB never recovered its ATH despite massive burns. PEPE had multiple drawdowns even after “successful” pumps. FLOKI, $PUMP , BABYDOGE, dozens more - same pattern.
And yet traders keep showing up. Because memecoins aren’t about holding conviction - they’re about renting volatility.