$ME /USDT: Short-Term Momentum Play with Clear Targets
$ME /USDT is currently trading at $3.177 on the 15-minute timeframe, presenting a potential short-term trading opportunity. The immediate resistance levels lie at $3.23 and $3.30, while strong support is observed at $3.08. A strategic entry point is identified at $3.18, with targets set at $3.23 (TP1), $3.30 (TP2), and $3.35 (TP3) for profit-taking. To manage risk effectively, a stop-loss is recommended at $3.05.
With the RSI indicating neutral momentum and the MACD nearing a bullish crossover, traders should look for confirmation of a breakout or bounce before entering. Once TP1 is achieved, consider moving the stop-loss to breakeven to safeguard profits. This setup offers a well-defined risk-reward ratio for traders seeking quick gains in a volatile market environment.