$ME /USDT Breaking Resistance ā Bulls Eyeing New Highsš„šš„
Market Outlook š
$ME has successfully broken key resistance at $1.16, supported by a bullish BOS (Break of Structure) confirmation on the 1D chart. This breakout aligns with strong momentum seen on the 1H chart, where price broke out cleanly from a demand zone and formed higher highs.
However, price is now entering a heavy supply zone up to $1.40, which may act as temporary resistance.
Formed Candle & Trend Signals:š
1H Chart: Healthy retracement after breakout, finding support near $1.13 š¢
1D Chart: First strong BOS above $1.00 confirms higher timeframe reversal trend š
Stochastic RSI (Both Timeframes): Mid-range at 35ā36 ā indicating room for continuation
Trade Strategy (Buy Side Focus):š„
Entry (Dip Buy): Around $1.13ā$1.09 (support zone retest)ā
Target 1: $1.25šÆ
Target 2: $1.40šÆ
Stop Loss: Below $1.03ā£ļø
Risk-Reward Ratio: 1:2+ depending on entry
Pro Tip:š§āš»
Wait for retest of breakout or minor pullback. If $1.16 holds as new support, continuation toward $1.40 is likely. Confirmation = stronger conviction.
Traderās Takeaway:šØāā¤ļøāšØ
āSmart entries happen when hype cools down ā let price breathe, then strike.ā
Disclaimer:ā ļø
This analysis is for educational use only. Always do your own research before trading. Crypto markets are highly volatile.
#MEUSDT #AltcoinTrade #StrategyTrade #AltcoinSeasonLoading #AltcoinSeasonComing