🔍 Market Snapshot: ME/USDT Consolidates After Sharp Dip – What’s Next?

After facing a heavy sell-off, ME/USDT has entered a sideways consolidation phase, currently priced around $0.914, down 13.69% in the past 24 hours. The asset recently bounced from a low of $0.896, which may act as short-term support going forward.

📉 Recent Trend Summary:

• Massive wick rejection near $0.976 followed by a quick drop — a classic liquidity sweep.

• The price dipped to $0.896 before rebounding, showing short-term buyer interest.

• Volume has sharply declined after the sell-off, indicating market indecision.

• MA(7) and MA(20) are currently flat, and MA(99) above price indicates downtrend bias.

📈 Next Trade Setup (Short-Term Idea)

Scenario 1: Bullish Reclaim

• Entry: Above $0.918–0.920 with volume confirmation

• Target 1: $0.944

• Target 2: $0.976 (liquidity grab zone)

• Stop Loss: Below $0.896

Scenario 2: Bearish Breakdown

• Entry: Below $0.896

• Target: $0.870 – $0.855 range

• Stop Loss: Above $0.915

🧠 Strategy Insight:

Currently, the asset is ranging between $0.896–$0.915. Wait for a breakout with strong volume before entering. The market appears to be cooling off post-dump, giving a window for high-risk scalpers or breakout traders.$ME

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