The alarm goes off! $ME is just a feint, holding strong at 1.000 is still uncertain
I'm watching ME today, and the market is really exciting. I think ME is just treading water today, going up and then coming down again, with too much volatility to be careless.
The market opened at 1.014, and the price is stuck at this level, moving back and forth without direction, with trading volume pitifully low and lacking momentum;
In the afternoon, it suddenly surged to 1.164. The main force might want to make a big move, but the buying pressure clearly couldn't hold, and the price quickly fell back to around 1.022, with an increase of 0.69%. The battle between bulls and bears is fierce, with a fluctuation range of 2.36%.
From a technical perspective, MA7 support at 1.000 is key. If it breaks, it could lead to a crash, while MA80 at 0.955 is a backup but doesn't solve the immediate problem;
When the price was raised, the volume didn't follow the upward trend, which is concerning. I see the bulls lacking strength and the risk is extremely high, so no chasing high operations. Focus on whether the support at 1.000 can hold and whether the resistance at 1.164 can be broken.
If you want to make money, don't be a lone hero! Follow me, and comment to share your thoughts. Let's seize the lucrative opportunities in the bull market together!
