$ME bulls are showing exactly why this daily level is an absolute brick wall.
Look at the history. The price has aggressively bounced from this 0.0555–0.0594 demand zone multiple times.
Now, we are tapping it once again, and the setup is already playing out. A solid bullish reaction is printing right before our eyes—no need to wait for more confirmation.
If buyers step in here to defend this floor, the next logical move is a push straight up to fill the unfilled bearish Fair Value Gap (FVG) sitting at 0.07.
Lose this critical demand zone, though, and the structure breaks, opening the door for a much deeper drop.
History is clearly on the bulls' side, and the path of least resistance is pointing up.
#MEUSDT
Look at the history. The price has aggressively bounced from this 0.0555–0.0594 demand zone multiple times.
Now, we are tapping it once again, and the setup is already playing out. A solid bullish reaction is printing right before our eyes—no need to wait for more confirmation.
If buyers step in here to defend this floor, the next logical move is a push straight up to fill the unfilled bearish Fair Value Gap (FVG) sitting at 0.07.
Lose this critical demand zone, though, and the structure breaks, opening the door for a much deeper drop.
History is clearly on the bulls' side, and the path of least resistance is pointing up.
#MEUSDT
