Technical Analysis for $ME /USDT:

Current Price: $3.21

24h High: $3.244

24h Low: $2.959

Momentum: Positive (Uptrend in the last 24 hours with a +4.05% increase)

Support Level: $2.96 (recent low)

Resistance Level: $3.25 (near the 24h high)

Key Indicators:

1. Relative Strength Index (RSI): The RSI is currently near 60, indicating moderate bullish momentum, but not yet overbought.

2. Moving Averages: The 50-period MA is above the 200-period MA, showing a bullish trend.

3. MACD: Bullish crossover confirmed, adding strength to the upward momentum.

Trade Signal:

Buy Zone: $3.00 - $3.05

Stop Loss: $2.95 (just below recent support)

Take Profit Levels:

Target 1: $3.30 (initial resistance zone)

Target 2: $3.50 (next major resistance)

Target 3: $3.75 (possible breakout level)

Trade Momentum:

The current market momentum favors the bulls, especially considering the positive 24h price movement and technical indicators. As long as the price remains above $3.00, the bullish trend is likely to continue.

Risk Management:

Risk-to-Reward Ratio: 1:2 or higher, based on the entry point at $3.00 and potential profits at the targets.

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