Technical Analysis for $ME /USDT:
Current Price: 3.605 USDT
24h High/Low: 3.642 / 3.080 USDT
Price Change (24h): +16.44%
SAR (Stop and Reverse): 3.492 (indicating a potential support level)
Depth: 3.667 (indicating a strong buy interest around this level)
Trade Signal:
Trend: Bullish (strong momentum indicated by the recent 16.44% price increase)
Support Level: 3.492 (SAR value suggesting potential price support)
Resistance Levels:
Target 1 (T1): 3.642 USDT (recent 24h high)
Target 2 (T2): 3.667 USDT (depth level, strong resistance)
Target 3 (T3): 3.75 USDT (psychological level just above T2)
Trade Momentum:
Bullish momentum is observed with upward price movement, higher volume, and strong support at 3.492.
Key signals:
Break above 3.642 could indicate continued upward movement towards 3.667 and 3.75.
Strong buy interest is visible in the order book, which may propel the price higher.
Possible correction if price dips below 3.492, with support at 3.080.
Recommendation:
Buy near current levels (3.605) with targets at 3.642, 3.667, and 3.75.
Stop-loss: Consider placing a stop-loss just below 3.492 (SAR level) to minimize risk if the price breaks lower.
This analysis suggests a bullish short-term trend with potential for further gains, but careful monitoring of support levels is crucial for risk management.
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