$ME /USDT Technical Analysis & Trade Signal

Current Price: $3.43 (+1.87%)

Market Overview:

24h High: $3.472

24h Low: $3.275

Volume: 4.02M (ME), 13.55M (USDT)

Price Movement: Bullish momentum in the last 24 hours, with a positive price change.

Technical Analysis:

1. Trend Analysis:

The price is showing a bullish trend over the last 24 hours, with upward momentum.

Support levels around $3.275 (24h Low) and $3.30 (previous minor support).

Resistance levels are near $3.47 (24h High) and $3.50, with the potential for further breakout.

2. RSI (Relative Strength Index):

RSI is hovering around 60-65, indicating that the market is moving with a moderate bullish sentiment but isn't overbought yet.

3. Moving Averages:

Short-term MA (50) is above the longer-term MA (200), suggesting that the trend is in favor of the bulls.

4. MACD:

The MACD line is above the signal line, confirming bullish momentum. There is a chance of further upside movement.

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Trade Signal:

Buy Signal:

Entry Price: $3.40 (Consider buying on slight pullbacks near support levels or at market price if momentum continues).

Stop Loss: $3.28 (Just below the 24h low to protect against a sharp reversal).

Target Levels (🎯):

1. Target 1: $3.50

The first resistance level is at $3.50, where the price is expected to encounter some selling pressure.

2. Target 2: $3.60

The next level of resistance lies at $3.60, a possible area for profit-taking or a minor correction.

3. Target 3: $3.75

Further bullish momentum could take the price toward $3.75, a higher target based on the continuation of the upward trend.

Trade Momentum:

The current bullish momentum is supported by increasing buying pressure and moderate RSI levels, which indicate the market is not yet overextended.

Watch for pullbacks to the support levels around $3.30 - $3.35 as entry opportunities for those who missed the initial move.

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