🚀 $ME /USDT Update — Massive Bullish Rally! 📈
ME is currently one of the top gainers, trading at $0.2135 with a strong +62% surge today. The price has broken out of a long consolidation phase with a huge parabolic candle, hitting a local high of $0.2559.
📊 Technical Analysis:
Trend: Parabolic move. The price is trending significantly above the MA(7) ($0.1568) and MA(25) ($0.1427).
Volume Spike: Trading volume has surged to 65.37M, showing intense buying interest from both whales and retail.
Momentum: After a sharp rally to $0.2559, we are seeing a minor cooling off, but the overall structure remains extremely bullish.
📌 Key Levels:
Immediate Support: $0.2011
Strong Support: $0.1568 (MA 7)
Resistance: $0.2559 (Local High)
🎯 Trade Plan:
Entry Strategy: Avoid FOMO at the top. Look for a potential entry on a retest of the $0.20 - $0.18 support zone.
Short-term TP: $0.24 ➔ $0.26
Long-term TP: $0.30+
Stop Loss (SL): Below $0.14 to protect against a sharp reversal.
Caution: Parabolic moves are often followed by sharp corrections. Always use risk management and don't chase the pump! 🛡️
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