$ME /USDT short tread single ๐ด
SHORT TRADE SIGNAL โ OVEREXTENDED SPIKE WITH SHARP REJECTION!
$ME surged aggressively to hit a high of $1.104, but failed to hold gains and faced a powerful rejection, closing back under the $1.00 psychological level. The long upper wick and immediate red candle signal a potential exhaustion pattern after a parabolic rally.
Trade Setup (SHORT):
Entry Zone: $0.985 โ $1.02
Target 1: $0.940
Target 2: $0.895
Stop Loss: $1.055
Why Short?
Price action shows a classic pump-and-dump structure โ vertical rise followed by instant sell-off. With volume drying and buyers trapped above $1.00, bears now have an opening to take control. Watch for any retests near $1.00 as ideal entry zones for further downside.
Risk Management Tip:
Keep SL tight above $1.055 to avoid reversal traps. Reduce position size and trail profits as momentum cools down.
Donโt let this breakout fly without you โ enter smart, exit richer!
Ride the momentum before it fades โ profits favor the fearless!
