$ME /USDT - Significant Pullback, Key Support Being Tested

Current Price: $3.559 (-8.27%)

24H High: $4.081

24H Low: $3.555

$ME has seen a sharp decline, losing over 8% in the last 24 hours. The price is now testing the critical support zone near $3.550, with bearish momentum dominating.

Key Levels to Watch:

Resistance: $3.784 (short-term recovery), $4.050 (major breakout level)

Support: $3.550 (immediate low), $3.500

Next Moves:

1️⃣ Holding above $3.550 could offer a bounce opportunity, targeting $3.784 or higher.

2️⃣ Breaking below $3.550 may lead to further downside toward $3.500.

Market Sentiment:

Bearish momentum is strong, as shown by declining volume and MACD crossing into negative territory. Watch for signs of recovery near support zones.

Strategy:

For Bears: Short positions below $3.550 with targets at $3.500.

For Bulls: Wait for confirmation above $3.784 before entering long positions.

Stop Loss: Use $3.600 for both positions to minimize risk.

#CryptoTrading #MEUSDT #Binance #TradingSignals #CryptoRegulation2025