$ME has completed a strong impulsive move from the 0.14 region, followed by a corrective pullback from the 0.2559 high. Price is now stabilizing around 0.20 after reclaiming short-term structure, indicating buyers are stepping back in rather than allowing continuation lower. The pullback appears corrective, not distributive.

Trade Setup (Long):

Entry: 0.190 – 0.205

Targets: 0.225 — 0.255 — 0.285

Stop-Loss: 0.172

Momentum is resetting in a healthy way. RSI has recovered from lower levels and is trending back toward neutral-bullish territory, while MACD is flattening, suggesting downside pressure is fading. Volume expanded on the initial breakout and has since normalized, which supports consolidation before the next move. As long as price holds above the 0.18 demand zone, continuation toward prior highs remains the dominant scenario.