Market Overview (UTC Time)
• Current Price: 2.872 USDT
• Market Sentiment: Bullish +0.110 (+3.98%) at 10:13 UTC.
• Key Levels:
• Support: 2.840 USDT
• Resistance: 2.900 USDT
30-Minute Timeframe Analysis:
The ME/USDT pair is currently in a bullish phase, trading near 2.872 USDT and showing a positive momentum with increasing volume. The price is testing the 2.900 USDT resistance, and a break above this level could signal further upside movement. The immediate support is at 2.840 USDT, and any pullbacks could offer a good buying opportunity.
Key Levels:
1. Support: The immediate support lies at 2.840 USDT. A break below this level could trigger more downward pressure.
2. Resistance: 2.900 USDT is a crucial resistance level. If the price pushes past this, we may see a continued uptrend towards higher levels.
Trading Setup:
• Stop Loss: Set a stop loss at 2.820 USDT in case of a price reversal below support.
• Take Profit Targets: Look for 2.930 USDT and 2.960 USDT as possible profit levels if the price breaks above resistance.
Monitor the volume closely, as it will help gauge the strength of the current bullish momentum.