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ME's recent performance is indeed worth paying attention to. After a volume breakout of 21%, the open interest has also increased simultaneously, which is a clear technical signal—main players are quietly accumulating positions, rather than a false rebound caused by short-sellers' panic selling.
From the price action, buying pressure continues to absorb chips above the key resistance level, and the simultaneous rise in volume and price directly confirms the authenticity of the breakout. More importantly, new funds are continuously flowing in, which is completely different from a rebound driven by short covering. Currently, there is no obvious profit-taking selling pressure in the market, and a healthy pullback above the breakout area is actually the best low-entry opportunity.
Long position strategy: Enter between 0.275 and 0.282, with a rigid stop-loss set at 0.255. The first target is 0.315, and the second target is 0.345. The increase in open interest indicates growing market recognition, which is the confidence behind the bullish stance.
The market is indeed quite chaotic, but carefully selecting projects and exchanges remains key to avoiding risks. Finding the right rhythm during this adjustment is the way to survive long-term.