$ME Echo Bounce from the Abyss: Fresh Momentum Awakens....

After forming a textbook double bottom near 0.638, $ME has reversed with strength, printing back-to-back bullish candles on the 4H chart. This clean surge signals the return of buyers — not just a bounce, but the start of a potential breakout leg.

📈 Long Trade Setup

Entry Zone: 0.745 – 0.752

TP1: 0.778

TP2: 0.805

TP3: 0.832

Stop Loss: Below 0.723

Technical Insight:

The high-conviction reclaim of the mid-range consolidation level and strong bid volume in the order book (66%+ green strength) suggests the bulls are firmly back in control. A break above 0.755 resistance could open up rapid upside expansion.

Pro Tip:

Watch for volume spikes and sustained closes above the local high — this setup favors continuation with disciplined trailing stop management.