$ME ME/USDT – 1H Frame
Proposed trading strategy (prioritizing Long according to trend)
• Entry: 0.188 – 0.195
• TP1: 0.220
• TP2: 0.240
• TP3: 0.265
• SL: 0.176
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Market Overview
ME is recording an increase of over 50% in 24h, creating a short-term peak at 0.2559 before adjusting to the 0.20 area. The 1H structure still maintains a clear uptrend with a series of higher lows.
MA7 > MA25 > MA99 and the slope of the moving averages is expanding, indicating that upward momentum still dominates in the medium term.
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Momentum & Volume
• RSI(6) ~77 and RSI(12) >80 → overbought zone, but no clear divergence has appeared.
• Volume has exploded during the uptrend and is gradually decreasing in the correction phase → a sign of technical correction, not a strong distribution yet.
The price is currently holding the 0.20 area – this is an important psychological level.
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Important Technical Structure
• Near support: 0.188 – 0.195
• Deep support: 0.176 – 0.180
• Near resistance: 0.220
• Strong resistance: 0.255 – 0.265
If it holds above 0.188, there is a high possibility that ME will accumulate briefly and then continue to expand the upward wave to the 0.24 – 0.26 area.
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Risk Scenario
If it breaks 0.176 with high volume, the short-term upward structure will be broken and the price may return to the 0.16 – 0.15 area.
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Capital Management
• Do not FOMO when the price is in the middle of the correction area.
• Prioritize splitting positions, entering in parts in the entry area.
• After TP1, move SL to breakeven to secure profits.
Currently, the main trend still leans towards the buying side until a clear reversal signal appears on the 1H frame.
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