$ME Market Structure
Bullish but Overextended. Price recently broke out of a consolidation zone around 0.1400 but is now forming a "lower high" after hitting the peak. The recent parabolic move is cooling off.
Major Resistance
Recent High: 0.2059
Immediate Resistance: 0.2060
Major Support
Current Support: 0.1790
EMA 50: 0.1520
EMA 200: 0.1480
Pullback Entry Wait for price to touch and reject EMA 50 0.1520) or EMA 200 0.1480) with a bullish candle
Entry: 0.1520 – 0.1540
Stop Loss: 0.1400
Take Profit: 0.1790 → 0.2050
Breakout Entry 1-hour candle closes above recent peak 0.2060 with strong volume
Entry: 0.2060 – 0.2070
Stop Loss: 0.1930
Take Profit: 0.2300 → 0.2500
Current Entry Stabilizing Near Minor Support Price
Entry: 0.1765 – 0.1774
Stop Loss: 0.1740
Take Profit: 0.2050 → 0.2060
