🔍 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.
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📈 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
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🧠 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
