$ME USDT Perp Update
· Market Overview: ME rounds out the list, down -10.62% to 0.1995. Volume (Rs55.69M) is relatively healthy, confirming the downtrend.
· Key Levels:
· Resistance: $0.2050 (immediate), then $0.2150.
· Support: **Major at $0.1950.** Below that, $0.1850 and $0.1800.
· The Next Move: Testing a key support level. The reaction here will set the tone.
· Trade Plan:
· Defensive Long: ONLY if you see a clear, high-volume reversal candle at or above $0.1950. Target: $0.2050-$0.2100.
· Primary Bias (Short): A retest of $0.2100 as resistance, or a breakdown below $0.1950 with momentum.
· Breakdown Targets: TG1: $0.1900, TG2: $0.1850.
· Short/Mid-Term Insight: Holding $0.1950 could indicate relative strength compared to other altcoins. Breaking it suggests it's just as weak.
· Pro Tip: In a broad market sell-off, the last coins to break their key supports are often the first to rally when the market stabilizes. Watch ME's $0.1950 closely for clues on overall altcoin strength.
