$ME SHARP DUMP – PANIC SELL OR BUYING OPPORTUNITY?
$ME just collapsed from the $0.89 zone to a low of $0.852 before stabilizing at $0.864, down -10.09% on the day. This sudden drop wiped out hours of gains in minutes, signaling either a strong shakeout or a momentum breakdown.
Key Levels to Watch
• Resistance: $0.890
• Support: $0.852
Trade Setup – Reactive Strategy in Play
Bullish Entry:
A recovery above $0.875 could spark a relief bounce:
TP1: $0.890
TP2: $0.912
Bearish Entry:
Continuation below $0.852 would confirm weakness:
TP1: $0.832
TP2: $0.812
Stop-Loss:
Longs: below $0.850
Shorts: above $0.875