MEMECORE Could Break Back Above Support? – Eyes on 0.56 Target📊🔥 MEMECORE Could Break Back Above Support? – Eyes on 0.56 Target 💥🟢
I’ve been trading (went short nicely, thank you) in on $MEMCOR lately — and it’s been paying off. After charting these Fibonacci levels few days ago, we’ve seen price action respect them beautifully. Today’s move back above the key support zone around 0.455 signals strength, especially after a clean bounce and a shift in momentum on the 15-minute chart. 🧠📈
I’m currently in a long position with my stop loss tight at 0.44 — not risking the house here. The chart is offering a possible relief move into the 0.56 zone, which aligns perfectly with one of the higher fib retracement levels and prior structural resistance.
🟢 Trade Plan:
Entry: Long now, shorts closed
Stop Loss: 0.44
Target: 0.56
Risk-Reward: Smart & balanced — letting the fibs guide the way.
The sharp selloff seems to be losing steam, and if bulls can hold above this golden zone, the bounce could be solid. Watching for follow-through volume to confirm the setup. Let’s see how this plays out. 🔍🚀
One Love,
The FXPROFESSOR 💙
Disclosure: I am happy to be part of the Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Awesome broker, where the trader really comes first! 🌟🤝📈
