Technical analysis by EthanTW about Symbol MEME: Buy recommendation (10/11/2024)

4h time frame - Entry: $0.0097 TP: $0.0131 SL: $0.00885 RR: 4 - (1) Double bottom is creating (2) Bullish engulfing triggered reversal on 1h time frame (3) For bottom structure like this, fib projection 2.0 is the general target around $0.0124 (4) Considering the ongoing big consolidation structure, set target higher at $0.0131 (5) Stop loss once going below $0.00885