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.