ME is currently sitting on a critical order block zone that was swept just hours ago, and I believe this is the perfect opportunity to get long. The bullish higher-timeframe bias is still favoring $MEUSDT, and the recent price action has only strengthened this conviction.
From a technical analysis standpoint, we're seeing a clear bullish trend emerge, with the RSI sitting at 82 and volume increasing to 1.8x. The SMC score is relatively low at 3.6/10, which suggests that there's still plenty of room for upside.
Here are the key trade levels to watch:
- Entry: 0.09290
- Take Profit 1: 0.10143 (RR 10.9x)
- Take Profit 2: 0.11422 (RR 27.2x)
- Stop Loss: 0.09212
With the current price at 0.11100, we're looking for a potential bounce off the order block zone to propel us towards our targets. I'm long $MEUSDT with a target of 0.10143, and I'm managing my risk accordingly.
Followers, keep a close eye on this one and let's ride the wave. Remember to always manage your risk and don't overleverage.
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