$ME /USDT BULLISH RECOVERY FACING STRONG RESISTANCE – BREAKOUT CONTINUATION OR REJECTION DROP AHEAD
$ME /USDT is currently trading around 0.0637, after a +7.4% recovery that pushed price toward the 24h high at 0.0654. The structure is mildly bullish in the short term, but price is now sitting just below resistance where sellers have previously stepped in. This makes the current zone a key decision area for the next directional move.
Immediate price action shows buyers still attempting to hold momentum, but upside pressure is slowing near the top range. A breakout above 0.0654 could extend the rally, while rejection may push price back toward support levels around 0.0584–0.0560.
Trade Setup:
Long Position (Breakout Trade)
Entry: Above 0.0656 (confirmed breakout)
Take Profit 1: 0.0685
Take Profit 2: 0.0720
Take Profit 3: 0.0765
Stop Loss: 0.0625
Short Position (Rejection Trade)
Entry: 0.0648 – 0.0654 rejection zone
Take Profit 1: 0.0620
Take Profit 2: 0.0600
Take Profit 3: 0.0584
Stop Loss: 0.0665
Short Market Outlook:
Market remains in a recovery phase but is now approaching a key resistance zone. A breakout could confirm continuation, while rejection may lead to a healthy pullback before the next move.
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