$ME is moving with real strength right now.
Price has been printing clean higher highs and holding every pullback with confidence. That tells me bulls are still in control. Momentum is strong, and dips are being bought instead of sold into.
We saw liquidity swept above 0.2559, followed by a sharp rejection. That kind of move often signals short-term distribution at the top. But instead of collapsing, price pulled back in a controlled way and is now holding above the 0.1850 demand zone. Buyers are stepping back in, and that’s important.
As long as structure stays above 0.1750, the bullish continuation scenario remains valid. The trend hasn’t broken. This looks like a healthy reset after an aggressive expansion.
Trade idea: Entry: 0.1950 – 0.2150
Targets: 0.2350 / 0.2559 / 0.2800
Stop: 0.1750
If momentum builds again, the upper liquidity zones can still be tapped. The key is simple — hold structure, protect 0.1750, and let the trend do the work.
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