$ME This NFT token just broke out above its OWN prior resistance and the second push is stronger than the first momentum building 🎨🚀
ME has already flashed one failed spike earlier this session, tagging near 0.0733 before dumping violently back to 0.060 a huge shakeout wick that probably scared off weak hands. But buyers stepped right back in, and this second push has now blown through that entire flush zone, tagging a fresh high of 0.07305 and holding well above the prior spike level. Reclaiming a level that previously triggered a violent rejection, on a second and cleaner attempt, is often a sign the sellers from that first spike have been absorbed.
The 0.060 shakeout low is now a long way below and shouldn't be relevant near-term the more important level is the 0.068-0.069 zone from the recent consolidation, which should now act as support on any pullback.
Trade Setup:
- Pair: $ME USDT
- Direction: LONG
- Leverage: 3x
- Entry Zone: 0.0700 – 0.0725
- TP1: 0.0760 24%
- TP2: 0.0810 48%
- TP3: 0.0870 72%
- Stop Loss: 0.0665
$ME
ME has already flashed one failed spike earlier this session, tagging near 0.0733 before dumping violently back to 0.060 a huge shakeout wick that probably scared off weak hands. But buyers stepped right back in, and this second push has now blown through that entire flush zone, tagging a fresh high of 0.07305 and holding well above the prior spike level. Reclaiming a level that previously triggered a violent rejection, on a second and cleaner attempt, is often a sign the sellers from that first spike have been absorbed.
The 0.060 shakeout low is now a long way below and shouldn't be relevant near-term the more important level is the 0.068-0.069 zone from the recent consolidation, which should now act as support on any pullback.
Trade Setup:
- Pair: $ME USDT
- Direction: LONG
- Leverage: 3x
- Entry Zone: 0.0700 – 0.0725
- TP1: 0.0760 24%
- TP2: 0.0810 48%
- TP3: 0.0870 72%
- Stop Loss: 0.0665
$ME
