Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
More
The US core CPI data came in below expectations, and market risk appetite has improved. Against this macro backdrop, $ME shows strong technical signals.
From the price action perspective, $ME has entered a healthy consolidation phase after a volume breakout, rather than a sign of topping out. Buying pressure continues to absorb sell-offs, and quick recoveries from dips at lower levels are typical of main force accumulation, completely different from the characteristics of short sellers' stampede.
Currently, $ME has a daily increase of over 22%, and more importantly, volume and price are rising in sync, with open interest also continuing to grow. This coordination indicates genuine capital inflow rather than false breakouts. During high-level consolidation, there is no obvious selling pressure, and each short-term pullback is quickly absorbed, further confirming a bullish control of the market.
From a technical strategy perspective: as long as the price remains stable above the breakout level of 0.2550, upward momentum will continue to be released. A long position is recommended. The entry zone is set between 0.2720-0.2780, which is a moderate pullback entry point. The stop-loss is set at 0.2550 (rigid stop), and if it falls below this level, it indicates the breakout has failed. The upward targets are set at 0.3100 and 0.3400, two key resistance levels.
The key is not to over-interpret short-term fluctuations but to focus on the core characteristic of sustained volume growth and adhere to the strategy execution.
---
A 22% increase combined with rising volume and price, short-term pullbacks are absorbed, this is what it means to have a true operator, unlike some false breakouts.
---
CPI below expectations plus this technical setup, risk appetite has indeed increased, entering at 0.27-0.28 feels stable for ME.
---
The key is not to be led by short-term fluctuations, just hold the 0.2550 support, aiming for 0.31 and 0.34 is no problem.
---
The synchronization of volume and price is very skillful, the signals of real money coming in are too obvious, shorts should be feeling pretty uncomfortable right now.
---
Quick recovery from absorption at low levels, this is the market maker building positions, my experience tells me that this kind of trend usually has potential later.
---
But it still depends on whether it can hold above 0.255, once it breaks below, you have to admit defeat, and the technicals will flip.
---
Risk appetite rising along with this volume, ME should have some room in the short term, just see how long it can last.