$ME
For Long Positions:
Entry Point: On a breakout above $3.441 or retest of $3.297 support.
Targets:
1. $3.500
2. $3.600
Stop-Loss: Below $3.248.
For Short Positions:
Entry Point: If the price falls below $3.297.
Targets:
1. $3.200
2. $3.100
Stop-Loss: Above $3.441.
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Technical Insights
Bollinger Bands: Price nearing the upper band, suggesting potential overbought conditions.
MACD: Bullish crossover, indicating strong upward momentum.
RSI: Trending upwards but not yet in overbought territory, allowing room for growth.
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