š $ME /USDT Technical Analysis & Trade Setup
š 4H Timeframe | š +24.50% 24h Change
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š§ Market Sentiment:
ME just experienced a strong bullish breakout, surging from the $0.785 support to over $1.17 within hours. Volume has spiked, indicating fresh buyer interest and momentum reversal.
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š Key Levels:
Resistance: $1.137 ā $1.209
Support: $0.952 (MA99) ā $0.857
Breakout Zone: $1.05+
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š Indicators:
MA(7) crossing above MA(25) = Short-term bullish momentum
MA(99) was just broken = Long-term resistance flipped to support
Volume Spike confirms strong buying interest
Next 4H candle is critical for continuation confirmation
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š Trade Setup (Short-Term):
Entry: On retest of $0.95ā$1.00 zone
TP1: $1.13
TP2: $1.20
SL: Below $0.93 (MA99 invalidation)
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ā ļø Final Thoughts:
ME is showing strong recovery signs after a long downtrend. If price holds above the MA99 with volume, bulls may take control. Wait for confirmation or retest for a safer entry. Avoid chasing pumps.
š¬ DYOR & Manage Risk!
