2026-01-18 13:23:58

$ME this round of movement is very interesting—after a volume breakout of 30%, the open interest is still increasing. This is not the typical short-seller dumping, it’s clearly the main force pushing the price up.

From a technical perspective:
📍 Entry zone 0.2820-0.2900
📍 Stop loss set at 0.2680 (strictly enforced)
📍 First target 0.3200
📍 Second target 0.3500

Why are we bullish? The buying volume has been consistently coming in, and during the breakout, the trading volume was well coordinated. Open interest is also increasing, indicating that the bullish momentum is genuine. Currently, there is no significant selling pressure. A pullback to above the breakout area is actually a normal consolidation move, preparing for the next phase of the trend. As long as it stays above 0.2750, the upward structure remains intact, and we continue to look higher.

ME22.71%

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GateUser-9f682d4c

· 5h ago

Wow, ME's position accumulation this time is indeed quite aggressive, really not like traditional dump tactics. This data looks quite solid, but I'm just worried that the main force might suddenly change their stance. If 0.2750 can't hold, it will be awkward. Let's keep an eye on 0.3200; failing to break it would be a bigger problem.

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MEVEye

· 5h ago

Wow, with this big move by the main force, I'm relieved as long as the holdings are still piling up.

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DataChief

· 5h ago

The main force's move is indeed aggressive; such heavy accumulation usually doesn't end in a fluke. However, if the key level at 0.27 is broken, it feels like the entire logic needs to be re-evaluated once it's smashed through.

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