Short Trade Signal: $ME /USDT
Market Overview: ME/USDT is facing resistance near $4.036 after a sharp bullish rally. Price exhaustion and rejection suggest a potential reversal.
Entry: $4.030
Take Profit (TP):
1. TP1: $3.950
2. TP2: $3.850
Stop Loss (SL): $4.070
Analysis:
Strong rejection at $4.036 indicates possible resistance.
A pullback towards $3.950 and lower is expected if bearish momentum increases.
Volume decline supports short entry near the current level.
Action: Open a short position at $4.030 with targets at $3.950 and $3.850. Maintain a stop loss above resistance at $4.070 to manage risks.