$ME
/USDT 📉
Current Price: 0.1304
Trend: Bearish (Short-term)
Momentum: Sellers in Control
Market Insight:
$ME is currently showing a persistent downward trajectory. The formation of lower highs and lower lows on the hourly charts confirms that selling pressure remains the dominant force. The price is currently testing local liquidity, and unless bulls can reclaim key structural levels, a further slide is expected.
Technical Strategy:
If the current breakdown holds, we anticipate a retest of the primary support zones. Traders should look for confirmation of rejection at resistance before entering short positions.
📍 Support Zones: 0.1280 – 0.1250
📍 Resistance Zones: 0.1350 – 0.1400
TP 🎯 (Short Setup targets):
✅ TP1: 0.1280
✅ TP2: 0.1250
✅ TP3: 0.1200
Invalidation Level:
❌ A strong daily candle breakout above 0.1400 accompanied by high buying volume will invalidate this bearish thesis.
✍️ Analysis by: Nabiha Noor
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