[$ME Signal] Short | Weak consolidation after volume breakout

2026-01-20 01:35:26

$ME enters a weak consolidation after a volume-driven decline, with price action indicating a downward continuation rather than effective support.

🎯 Direction: Short (Short)

🎯 Entry: 0.240 - 0.245

🛑 Stop Loss: 0.255 (Rigid Stop Loss)

🚀 Target 1: 0.225

🚀 Target 2: 0.210

$ME On the daily chart, volume-driven decline of -7.49%, combined with open interest data, suggests this is not just a liquidation of longs but a genuine selling pressure accompanying the main force’s distribution. The price near 0.242 lacks buying absorption, and the rebound is weak. Any bounce towards 0.245 on the lower timeframes is a supply zone; as long as the price cannot recover above 0.255, the downtrend will continue.

Trade 👇 $ME

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