$ME is showing stronger short-term activity, so I prefer a long setup over a short at this price. The increased volume is supportive, but because ME is volatile, I would avoid chasing a vertical candle.
đ LONG trade plan
$0.0640â$0.0665 on a controlled pullback
Alternative breakout entry: above $0.0685 after a strong close and volume
Stop-loss: $0.0615
TP1: $0.0695
TP2: $0.0730
TP3: $0.0770
TP4: $0.0820
đŻ Strategy
Best strategy = pullback â confirmation â LONG. Wait for $ME to hold the $0.0640â$0.0660 area. Look for a bullish reversal candle with increasing volume.
Enter after confirmation rather than catching a falling candle.
Take 25â30% at TP1.
Move SL toward breakeven after TP1.
Take another portion around $0.0730.
Let the remaining position run toward $0.0770â$0.0820 if momentum remains strong.
The broader crypto market is currently somewhat event-sensitive this week, with U.S. inflation data due Wednesday, so volatility can increase around macro releases.
Best entry right now: I would wait for a pullback toward $0.0640â$0.0660, rather than buying aggressively at $0.06617.
#altcoins
click here to trade đđ»
đ LONG trade plan
$0.0640â$0.0665 on a controlled pullback
Alternative breakout entry: above $0.0685 after a strong close and volume
Stop-loss: $0.0615
TP1: $0.0695
TP2: $0.0730
TP3: $0.0770
TP4: $0.0820
đŻ Strategy
Best strategy = pullback â confirmation â LONG. Wait for $ME to hold the $0.0640â$0.0660 area. Look for a bullish reversal candle with increasing volume.
Enter after confirmation rather than catching a falling candle.
Take 25â30% at TP1.
Move SL toward breakeven after TP1.
Take another portion around $0.0730.
Let the remaining position run toward $0.0770â$0.0820 if momentum remains strong.
The broader crypto market is currently somewhat event-sensitive this week, with U.S. inflation data due Wednesday, so volatility can increase around macro releases.
Best entry right now: I would wait for a pullback toward $0.0640â$0.0660, rather than buying aggressively at $0.06617.
#altcoins
click here to trade đđ»