🔴 $ME — Short Setup
#ME is at $0.05755 (-9.44%), sitting just above the 24h low of $0.05738. The short structure is bearish: price is below MA(7), MA(25), MA(99) and below the Supertrend at $0.06826.
MA(7): 0.06217
MA(25): 0.06169
MA(99): 0.06989
Supertrend: 0.06826 🔴
24h High: 0.06371
24h Low: 0.05738
Preferred entry: 0.0605–0.0620 on rejection
TP1: 0.05738
TP2: 0.05481
TP3: 0.0520
SL: 0.0638
🔻 Confirmation: Rejection from 0.0605–0.0620 + clean break below 0.05738.
⚠️ Don't chase at 0.05755. Price is only ~0.3% above the 24h low, so a bounce is very possible. If ME reclaims 0.0638, invalidate the short.
#RiskManagementMastery
#ME is at $0.05755 (-9.44%), sitting just above the 24h low of $0.05738. The short structure is bearish: price is below MA(7), MA(25), MA(99) and below the Supertrend at $0.06826.
MA(7): 0.06217
MA(25): 0.06169
MA(99): 0.06989
Supertrend: 0.06826 🔴
24h High: 0.06371
24h Low: 0.05738
Preferred entry: 0.0605–0.0620 on rejection
TP1: 0.05738
TP2: 0.05481
TP3: 0.0520
SL: 0.0638
🔻 Confirmation: Rejection from 0.0605–0.0620 + clean break below 0.05738.
⚠️ Don't chase at 0.05755. Price is only ~0.3% above the 24h low, so a bounce is very possible. If ME reclaims 0.0638, invalidate the short.
#RiskManagementMastery