Based on the $BNB $BNB #BitcoinHashRateSurge ME/USDT
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📊 Analysis of ME/USDT (1-Hour Chart)
Key Observations:
1. Current Price: $3.325
2. 24H High/Low:
#USStateBuysBTC #USStateBuysBTC
High: $3.526
Low: $3.161
3. Market Sentiment: The price has seen a pullback after a recent rally, indicating potential opportunities for both upward and downward moves.
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📈 Trade Recommendations
🟢 Long Trade Setup
Entry Point: $3.35 (Wait for price to reclaim this level with bullish momentum.)
Take Profit (Targets):
Target 1: $3.45
Target 2: $3.52
Target 3: $3.60 (If momentum continues)
Stop Loss: $3.28 (Below the recent pullback low)
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🔴 Short Trade Setup
Entry Point: $3.30 (If price fails to reclaim $3.35 and breaks below $3.30)
Take Profit (Targets):
Target 1: $3.20
Target 2: $3.15
Target 3: $3.10 (In case of strong bearish continuation)
Stop Loss: $3.37 (Above recent resistance)
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🔍 Risk Management
Long Setup: Risk-reward ratio ~ 1:2
Short Setup: Risk-reward ratio ~ 1:3
Important Notes:
Wait for confirmation of breakout or reversal before entering trades.
Adjust position size according to your risk tolerance.
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