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[$ME Signal] Long + Price and Volume Breakout
$ME Strong breakout after a 24% volume increase, with trading volume rising simultaneously. This is a typical signal of institutional entry rather than a short squeeze.
🎯Direction: Long
🎯Entry: 0.2800 - 0.2880
🛑Stop Loss: 0.2650 (Rigid Stop Loss)
🚀Target 1: 0.3200
🚀Target 2: 0.3500
The breakout accompanied by nearly 200 million in trading volume and increasing open interest indicates healthy buying absorption. Price action shows market sentiment shifting from hesitation to a consensus bullish outlook. The LTF pullback was quickly absorbed, with no significant supply zones above. As long as the price stays above the breakout level of 0.2750, momentum is expected to continue.
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