$ME /USDT Breaking Resistance — Bulls Eyeing New Highs🔥📈💥
Market Outlook 📊
$ME has successfully broken key resistance at $1.16, supported by a bullish BOS (Break of Structure) confirmation on the 1D chart. This breakout aligns with strong momentum seen on the 1H chart, where price broke out cleanly from a demand zone and formed higher highs.
However, price is now entering a heavy supply zone up to $1.40, which may act as temporary resistance.
Formed Candle & Trend Signals:📊
1H Chart: Healthy retracement after breakout, finding support near $1.13 🟢
1D Chart: First strong BOS above $1.00 confirms higher timeframe reversal trend 🔁
Stochastic RSI (Both Timeframes): Mid-range at 35–36 — indicating room for continuation
Trade Strategy (Buy Side Focus):💥
Entry (Dip Buy): Around $1.13–$1.09 (support zone retest)✅
Target 1: $1.25🎯
Target 2: $1.40🎯
Stop Loss: Below $1.03☣️
Risk-Reward Ratio: 1:2+ depending on entry
Pro Tip:🧑💻
Wait for retest of breakout or minor pullback. If $1.16 holds as new support, continuation toward $1.40 is likely. Confirmation = stronger conviction.
Trader’s Takeaway:👨❤️👨
“Smart entries happen when hype cools down — let price breathe, then strike.”
Disclaimer:⚠️
This analysis is for educational use only. Always do your own research before trading. Crypto markets are highly volatile.
