$ME
/USDT Technical Analysis
Current Price: 2.745 USDT
Trend: The price has shown positive momentum with a 3.70% rise in the past 24 hours, indicating a bullish outlook.
Support & Resistance:
Resistance Level: 2.838 (24-hour high)
Support Level: 2.619 (24-hour low)
Key Indicators:
RSI: 60 (Neutral, but leaning towards overbought)
EMA: The short-term EMA is above the long-term EMA, indicating a bullish trend.
Volume: Increasing trading volume supports the upward price momentum.
Trade Signal:
Buy Signal: Enter at current price (2.745) or on slight pullbacks toward 2.72 to 2.74.
Target Levels:
1. Target 1: 2.80 – Initial resistance (near 24-hour high).
2. Target 2: 2.90 – Next psychological resistance area.
3. Target 3: 3.00 – Resistance and key round number.
Trade Momentum:
Bullish Momentum: With increasing volume and a recent rise in price, the market sentiment is bullish. Focus on buying during pullbacks near support levels.
Always ensure to manage risks with stop-loss at 2.62 to protect from any downside.