$ME is looking interesting here 👀
The 1H chart is showing a pretty clean recovery structure. Price pushed up from the 0.064 area, reclaimed 0.0697, and is now testing the 0.0745 resistance.
I wouldn’t chase the move at current levels. The cleaner setup would be a pullback and hold around 0.0724 to 0.0730.
Entry: 0.0724 to 0.0730
SL: 0.0708
TP1: 0.0745
TP2: 0.0760
TP3: 0.0780
The 0.0745 level is the key one. A solid 1H close above it could give the next leg some room, while losing 0.0708 would weaken this setup.
For me, the structure is bullish, but patience matters here. Let price confirm the move instead of chasing a green candle.
Clean setup > forced entry. 📈
Not financial advice. Always manage your risk.
#ME
The 1H chart is showing a pretty clean recovery structure. Price pushed up from the 0.064 area, reclaimed 0.0697, and is now testing the 0.0745 resistance.
I wouldn’t chase the move at current levels. The cleaner setup would be a pullback and hold around 0.0724 to 0.0730.
Entry: 0.0724 to 0.0730
SL: 0.0708
TP1: 0.0745
TP2: 0.0760
TP3: 0.0780
The 0.0745 level is the key one. A solid 1H close above it could give the next leg some room, while losing 0.0708 would weaken this setup.
For me, the structure is bullish, but patience matters here. Let price confirm the move instead of chasing a green candle.
Clean setup > forced entry. 📈
Not financial advice. Always manage your risk.
#ME
