Yo fam,
$ME chart is looking a bit rough right now.
After that crazy pump yesterday that took us well over $1.10, we're definitely seeing a cool-off, currently sitting at $0.956, down over 6%.
Volume was huge during the pump, as expected, but it's tapered off a bit since then.
We really need to see some buying interest step in around this $0.94-$0.95 level.
That was a previous resistance that could turn into support, but it's looking fragile.
If this level doesn't hold, we could be looking at a retest of the $0.85-$0.88 zone.
For any bullish momentum to return, we need to reclaim $1.00 and hold it.
Right now, the bears are in control.
Eyes on those support levels!