$ME
Testing Key Support Levels: Is a Bounce Imminent?
$ME is currently trading at $2.848, slightly down by 0.35% in the last 24 hours after retracing from a 24-hour high of $3.365. The price has found temporary support near $2.820, while resistance sits at $3.000, a critical zone for reclaiming bullish momentum. Traders looking to capitalize on the dip may consider entries around $2.840, with a tight stop-loss at $2.750 to manage downside risks effectively.
The RSI indicates oversold conditions at 16, suggesting potential for a rebound as selling pressure eases. The MACD also shows bearish momentum slowing down. Watch closely for increased volume or a recovery in buying interest, as this could spark a quick upward move. $ME is at a critical juncture—stay alert for opportunities.
