MEME Setup — Compression Above Prior Week ValueMEMEUSDT Perpetual ContractBYBIT:MEMEUSDT.PQuantumEdge_QTG ⚛️ MEME is setting up clean here. The important part is not just the move off the lows. It is where the compression is forming. Price reclaimed and is now holding above **PWVAH / prior week value**, which gives this a better location than a random mid-range breakout. The 1H structure is starting to tighten right under resistance, EMAs are curling into price, and the recent pullbacks are holding above the reclaimed value area instead of fully rejecting back into the lower LVN zone. That tells me participation is trying to build. HTF Context 🔭 Daily is coming off a larger range with liquidity still sitting above the recent highs. The upper daily highs / wick cluster are the obvious magnet. If price can accept above the resistance zone, there is room for a push into that liquidity cloud. This is the kind of setup where the market is saying: reclaim value → compress under resistance → expand into liquidity But confirmation still matters. LTF Structure 🧱 On the 1H, MEME has: * A strong impulse off the lows * Compression forming near the highs * EMAs tightening underneath price * Price holding above the prior LVN / PWVAH area * A clear resistance zone overhead That is constructive. The clean trigger is not just a wick through resistance. I want to see acceptance above the zone, ideally with volume/participation and price holding above it after the break. Continuation Scenario 🟢 Bullish continuation opens up if MEME can: 1. Break above the resistance zone 2. Hold acceptance above it 3. Keep the 10/20 EMA structure underneath price 4. Avoid falling back into the prior value area If that happens, the next logical magnet is the liquidity sitting above the daily highs. Failure Scenario 🔴 This setup fails if MEME breaks above resistance but cannot accept, then rotates back below the zone. The bigger failure is a loss of PWVAH / reclaimed value. If price accepts back below that area, the breakout idea weakens fast and this turns into another failed reclaim / chop-tax setup.