Technical Analysis & Trade Signal for $ME

/USDT

Current Price: $3.44

Momentum: Bullish, supported by the recent 15.11% price increase and high trading volume.

Trade Signal: BUY

The token has demonstrated strong momentum with a clear uptrend supported by increasing volume. Traders should monitor closely for resistance at higher levels.

Target Levels:

1. Target 1: $3.60 (near-term resistance from the 24h high).

2. Target 2: $3.80 (potential breakout level).

3. Target 3: $4.00 (psychological resistance point and key milestone).

Stop-Loss Recommendation:

Set a stop-loss at $3.20 to manage downside risk if momentum reverses.

Momentum Summary:

RSI: Likely in overbought territory, signaling strong bullish momentum.

MACD: Positive crossover observed, confirming trend direction.

Volume: High trading volumes support the continuation of the upward trend.

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