$ME /USDT short tread single ๐ด
SHORT TRADE SIGNAL โ FAKEOUT RALLY SHOWS SIGNS OF WEAKNESS!
$ME/USDT soared to $1.104 before swiftly rejecting and falling back to $0.985, marking a sharp +20% intraday spike. However, the massive upper wick and sudden pullback suggest a blow-off top scenario and possible trap for late buyers. Price is now struggling to hold above the $0.99 zone.
Trade Setup (SHORT):
Entry Zone: $0.980 โ $1.00
Target 1: $0.935
Target 2: $0.895
Stop Loss: $1.045
Why Short?
This setup indicates a classic overextension followed by immediate rejection. The volume spike on the wick and follow-up red candle suggest distribution at the top. If price closes below $0.97 on lower timeframes, downside continuation becomes likely.
Risk Management Tip:
Always keep your SL above the wick high zone ($1.045) and reduce risk near volatile resistance zones. Donโt revenge trade if invalidated โ wait for structure confirmation.
Donโt let this breakout fly without you โ enter smart, exit richer!
Ride the momentum before it fades โ profits favor the fearless!
buy and trade here on $ME
