$ME /USDT Technical Analysis and Trade Signal๐๐๐๐
Current Price: $3.07
Trend: Mixed (Bullish potential if resistance is broken)
Key Levels:
Resistance Levels:
Immediate Resistance: $3.142 (SAR level)
Major Resistance: $3.217 (24h High)
Support Levels:
Immediate Support: $3.00
Major Support: $2.969 (24h Low)
Trade Signal:
Buy Setup:
If ME/USDT breaks above $3.142 with strong volume, it indicates bullish momentum.
Entry Point: $3.15 (upon breakout confirmation)
Targets ๐ฏ:
1. Target 1: $3.20 (Short-term resistance)
2. Target 2: $3.30 (Psychological level)
3. Target 3: $3.45 (Potential breakout zone)
Stop Loss: $2.95 (below major support)
Momentum Analysis:
Bullish Momentum:
If price sustains above SAR ($3.142), it could attract buyers aiming for higher targets.
Bearish Momentum:
Failure to hold $3.00 support may push price toward $2.90, triggering sell-off pressure.
Risk-Reward Ratio:
Risk: $0.20
Reward (Target 3): $0.30+
Risk-reward ratio remains favorable for long positions above $3.142.