$ME
/USDT SHORT TRADE SIGNAL – DEAD CAT BOUNCE AFTER DUMP, BEARS STILL IN CONTROL!
$ME has bounced slightly from the $0.864 low to $0.888, but the overall structure remains bearish on the 15-min chart. The recent recovery shows signs of exhaustion as price struggles below $0.891 and fails to reclaim key resistance. This is a classic setup for a lower high before continuation downward.
Trade Setup (SHORT):
Entry: $0.885 – $0.895
Target 1: $0.864
Target 2: $0.840
Stop Loss: $0.910
Why Short?
After a strong downward leg from $0.934, the minor retracement looks weak and lacks volume. The bounce is being sold into, and sellers are likely to re-enter aggressively if price stalls below $0.895. Unless price flips $0.910 into support, this move is likely just a breather before more downside.
Risk Management Tip:
Protect capital with a hard stop above $0.910. Always trail your SL as price hits target levels and adjust if momentum drops.
Sell smart — don’t chase green candles when the trend is turning red!
Don’t let this breakdown bounce back without gains — enter smart, ride the red wave, and secure those profits on $ME!
buy and trade here on $ME
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