Technical Analysis and Trade Signal for $ME
/USDT🔥💯
Current Price: 3.808 USDT
Trend: Bullish (5.81% price increase in the last 24 hours)
Support: 3.470 USDT
Resistance: 4.279 USDT
Key Indicators:
RSI: Neutral (Range-bound)
MACD: Bullish crossover observed, indicating upward momentum.
Volume: Above average, confirming buying interest in the current trend.
Trade Signal:
Buy Signal: Enter at 3.800–3.820 USDT.
Target Levels:
1. Target 1: 4.080 USDT (Initial resistance)
2. Target 2: 4.200 USDT (Mid-range resistance)
3. Target 3: 4.400 USDT (Psychological resistance level)
Trade Momentum:
The market shows strong upward momentum, but it could face resistance at 4.200 USDT. If the price holds above 3.800 USDT, a potential continuation towards 4.400 USDT is likely.
Stop Loss:
Set a stop at 3.470 USDT (support level) to manage risk.
Conclusion:
The bullish trend is supported by volume and technical indicators. A break above 4.080 USDT can confirm further upward momentum towards 4.400 USDT.