$ME Down #Alert🔴
📍 Entry: 0.0959 — 0.0970
🛑 SL: 0.0995
🎯 TP1: 0.0953
🎯 TP2: 0.0945
🎯 TP3: 0.0930
🎯 TP4: 0.0910
Technical View:
The short-term market structure reveals clear buyer fatigue at the local peak as strong selling pressure blocks any immediate continuation above 0.0984. Looking at the macro picture, the asset is trapped under intense multi-month distribution pressure, carrying a heavy -16.46% deficit over the last 7 days and a steep -89.85% collapse over the past year. The price is currently hovering precariously just above its active 0.0957 Supertrend line. Given the localized bearish momentum compressing lower relief frames, expect early buyers to give up their positions, triggering a clean structural breakdown past the immediate 0.0953 floor to hunt lower liquidity zones.
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