$ME – BEARS PRESSURE AFTER WEAK RECOVERY!
$ME attempted a bounce from $0.684 but failed to hold momentum above $0.697, with sellers stepping in near resistance. Price is now struggling around $0.695, showing rejection candles and lower highs forming on the chart. If $0.690 breaks again, a retest of $0.684 is likely, and further weakness could push price lower.
📉 Short Setup
Entry: $0.695 – $0.698
Target 1: $0.690
Target 2: $0.684
Stop Loss: $0.705
The chart structure favors sellers as repeated rejections at resistance show fading bullish strength. Breakdown confirmation below $0.690 may trigger fresh downside.
