$ME /USDT Analysis: Technical Breakdown & Targets
Current Price: $2.880 (-6.10% on the 30m chart)
Technical Analysis:
$ME /USDT is trading near its 24h low of $2.831, indicating short-term bearish pressure.
Resistance at $3.104 (24h high) acts as a key level for potential recovery.
Price consolidation in the current range suggests the possibility of a breakout.
3 Targets for ME/USDT:
1. Target 1 (T1): $3.000
Psychological resistance and a key short-term level.
Breaching this level may attract fresh buying momentum.
2. Target 2 (T2): $3.100
Resistance near the 24h high.
A breakout here confirms a bullish reversal.
3. Target 3 (T3): $3.250
Extended target based on Fibonacci retracement and prior highs.
Actionable Advice:
Short-Term Traders: Look for profit-taking opportunities near $3.000 and adjust stop-loss to breakeven.
Long-Term Traders: Monitor for a sustained breakout above $3.100 to ride the trend toward $3.250.
Stop Loss: Place below $2.830 to minimize risk.
