$ME /USDT is currently trading around 0.1126, sitting very close to the 24h high (0.1134). Price is already in the upper end of the intraday range (0.1076 → 0.1134), which means it’s approaching short-term resistance.

Key structure

Resistance: 0.1134 (current breakout zone)

Support: 0.1100 → 0.1076

Bias: Short-term bullish, but extended near resistance

About your “0.1050 long” idea

That level is actually a pullback entry zone, not current price:

If price rejects 0.1134 → likely retrace to 0.1100

Deeper dip → 0.107–0.105 zone becomes a strong accumulation area

Simple trade scenarios

Bullish continuation:

Break & hold above 0.1134

Targets: 0.116 → 0.120+

Pullback long (safer):

Entry: 0.107–0.105

Stop: below 0.103

Target: back to 0.112 → 0.115

Bottom line

Right now it’s not ideal to chase longs at 0.112–0.113. Better setups are:

Breakout above 0.1134, or

Dip back into 0.105–0.107 support zone