📉 $ME /USDT: Market Under Pressure – Key Levels to Watch TARGET 2.800
Current Price: $3.281 (-8.17%)
ME/USDT has faced consistent selling pressure, breaking below key support levels. The market is showing signs of uncertainty, but this could also create opportunities for those ready to act.
Market Highlights:
24h High: $3.790
24h Low: $3.233
Volume: Strong activity with over 31M USDT traded in 24 hours.
Technical Analysis:
🔹 Immediate Support: $3.200 – A critical zone for buyers to defend.
🔹 Resistance: $3.500 – Bulls need to reclaim this level to regain momentum.
🔹 Trend: Bearish, with lower highs and lower lows in the 4H timeframe.
Trading Strategy:
1️⃣ For Bears: Look for shorting opportunities below $3.200 if the sell-off continues.
2️⃣ For Bulls: Wait for a clear breakout above $3.500 to confirm a potential reversal.
3️⃣ Stop-Loss Management: Tighten stops to limit downside exposure in this volatile market.
Stay vigilant and use the current price action to position for potential volatility ahead!