$ME has just launched and is currently experiencing a significant price surge. With a jump of 1666.67%, the coin reached a high of $6.24 and is now trading at $5.30. This type of rapid price movement often happens during the early stages of a coin’s launch, especially when there’s high demand or market hype around it.

Given this extreme volatility, it’s important to manage risk carefully. Be aware of the potential for price corrections as the market stabilizes. If you’re considering entering the trade, monitor for signs of consolidation or resistance at higher levels like $6.24. On the downside, watch for support around $5.30 or lower levels if the price starts to pull back.

Stay cautious and make sure to use stop-loss orders to protect your capital.

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