$ME /USDT – Short-Term Technical Read (15m)
Price is trading around 0.1988 after a sharp sell-off (-11% intraday) from 0.2139, followed by a weak stabilization near the lows. This is a post-dump consolidation, not a reversal.
Market Structure
Clear strong bearish impulse from the top → structure decisively bearish.
The bounce from 0.1961 is shallow and slow → no impulsive buying.
Current price action shows distribution at lows, often seen before another move.
Moving Averages
MA(7): ~0.1982 → price barely holding above, fragile.
MA(25): ~0.1988 → price stuck exactly at resistance.
MA(99): ~0.2122 → major trend resistance far above. Price is below all higher-timeframe pressure, trend remains heavy.
Volume Insight
Heavy red volume on the dump confirms real exit liquidity, not a fake move.
Bounce volume is weak → no demand aggression.
Volume profile favors continuation or range bleed, not instant recovery.
Key Levels
Immediate Support: 0.198 – 0.196
Major Support: 0.192 – 0.188
Resistance: 0.200 – 0.202
Major Resistance: 0.208 – 0.214
Scenarios
Dead-Cat Bounce:
Reclaim 0.202 → short squeeze toward 0.208, but expect sellers there.
Range Compression:
Chop between 0.196 – 0.202 if volume stays weak.
Bearish Continuation:
Loss of 0.196 → opens downside toward 0.192 / 0.188.
Summary ME is in a post-dump stabilization zone after a heavy sell-off. Structure is clearly bearish, and the current bounce lacks strength. Until price reclaims 0.202+ with volume, this remains a high-risk, scalp-only environment. Any upside without volume should be treated as sell-side liquidity, not a trend change.
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