Alright 👍
Here’s a focused technical analysis for ME/USDT (1H timeframe) based on the chart you shared.
#SECxCFTCCryptoCollab $ETH $
#WriteToEarnUpgrade #CPIWatch ---
📊 Price Snapshot
Current Price: 0.2824
24H High: 0.2968
24H Low: 0.2197
24H Change: +27.8%
Volume: Extremely high (breakout volume spike)
---
📈 Market Structure
Clear accumulation → breakout → expansion
Massive impulsive bullish candle breaking all recent highs
This is a momentum-driven breakout, not a slow trend move
⚠️ After such candles, volatility + pullbacks are normal
---
🧱 Key Levels
🔵 Support Zones
0.275 – 0.270 → Immediate support (post-breakout base)
0.260 – 0.255 → Strong demand zone
0.250 → Major support (structure must hold)
🔴 Resistance Zones
0.296 – 0.300 → Major resistance / rejection zone
0.315 – 0.320 → Breakout continuation zone
0.350 → Extension target (only if momentum continues)
---
🔍 Volume & Price Action
Volume spike confirms real breakout
Upper wick near 0.2968 shows profit taking, not trend reversal
As long as price holds above 0.27, bulls remain in control
---
🧠 Trade Scenarios (Educational)
✅ Bullish Continuation
Consolidation above 0.270
Break & close above 0.297 (1H)
Targets:
🎯 0.315
🎯 0.330
🎯 0.350
⚠️ Healthy Pullback
Pullback to 0.270 – 0.260
Look for bullish reaction / volume decrease
Trend weak below 0.250
---
📌 Bias Summary
Trend: Strong bullish 🔼
Momentum: Very high
Risk: Chasing after a +28% candle
👉 Best approach: Wait for consolidation or retest, not market-buy at resistance.
If you want, I can:
Define safe entry, SL & TP
Check 4H / Daily continuation
Prepare a scalp vs swing plan
Just tell me what you want next 👌