$ME USDT Short Trade Setup: Bearish Continuation Opportunity!🔥💯
MEUSDT is trending within a descending channel, indicating continued bearish momentum. A rejection near the upper trendline strengthens the short setup.
Entry: Consider a short position near $3.05 if price fails to break above resistance.
Target Prices (TP):
• TP1: $2.95
• TP2: $2.85
Stop Loss (SL): Place a tight SL at $3.15, above the descending channel.
Volume has been decreasing, confirming lack of bullish strength. RSI supports the downtrend, aligning with bearish continuation.
This trade offers a favorable risk-to-reward ratio. Monitor for a clean rejection at $3.05 before entering. Trail your stop loss to secure profits as the price nears targets. A breakdown below $2.95 could trigger accelerated selling pressure.