ME/USDT Technical Analysis:
Magic Eden (ME) is currently trading at 2.912,
consolidating with signs of accumulation. Market at a turning point
- Will the bulls take over
and break key levels?
Key levels to watch:
Support: 2.63 – Solid base where buyers step in
to defend the price.
Resistance: 3.31 – Strong hurdle;
A break above could lead to a move towards 3.50 or higher.
🎯 Trading Strategy:
Breakout Entry: Wait for a decisive close above 3.31.
If confirmed,
Next target is 3.50 and possibly 3.75.
Buy on Dips:
A dip near 2.63 could provide an entry
excellent for risk-managed trades.
Stop Loss:
Place stops below 2.60 to minimize downside exposure.
Building Momentum:
While the Middle East is trading below the main
moving averages,
the RSI is signaling a potential reversal from the
oversold area.
If volume picks up,
a breakout could quickly follow.
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