$ME
$ME/USDT just printed a violent intraday expansion. Current price 0.2226 after a +68.51% surge.
24h High: 0.2559
24h Low: 0.1311
24h Volume: 76.30M ME | 14.64M USDT
Structure breakdown:
Price exploded from 0.1504, accelerated vertically, tapped 0.2559, then pulled back sharply. Now consolidating above 0.2148 support on the 15m timeframe. Higher lows forming after the flush. Momentum still elevated. Volatility compressed after expansion.
This is a classic breakout–pullback setup. If buyers defend the 0.214–0.218 zone, continuation toward the highs is probable. If that shelf cracks, fast retrace risk toward 0.19.
Trade Setup
Entry (EP): 0.219 – 0.223 (buy the consolidation / minor pullbacks)
Take Profit (TP1): 0.238
Take Profit (TP2): 0.255
Take Profit (TP3): 0.268 (extension above 24h high)
Stop Loss (SL): 0.205
Risk logic: Below 0.205, structure weakens and breakdown toward 0.19 becomes likely. Above 0.238, momentum traders re-enter and squeeze toward the high liquidity zone at 0.2559.
Momentum is strong. Structure is constructive. But after a 68% move, discipline matters.
Let's go.
