ME: Oscillating Downwards, Is a Rebound Brewing?

Market Trend Analysis

ME is showing a clear downward trend on the 4-hour chart, currently hovering around $3.74, with trading volume gradually shrinking. The bearish forces have a slight advantage. If the support level is breached in the short term, it will continue to test the key area below.

Support and Resistance Levels

• Support Levels: 3.60, 3.30, 3.00

• Resistance Levels: 3.90, 4.20, 4.50

Short-term Trading Strategy

Long Strategy:

• Entry Point: 3.60

• Add Position Point: 3.30

• Stop Loss Point: 3.00

• Take Profit Targets: 3.90, 4.20, 4.50

Short Strategy:

• Entry Point: 3.90

• Add Position Point: 4.20

• Stop Loss Point: 4.60

• Take Profit Targets: 3.60, 3.30, 3.00

$ME

My Prediction

ME may continue to oscillate in the short term. If the support level at 3.60 holds, a rebound is expected. It is advisable to operate cautiously, with small positions at low levels, while also paying attention to changes in market sentiment.

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