$ME
Bearish Scenarios
Key Indicators Supporting Bearish Momentum:
A break below the MA25 ($3.168) would indicate more downside potential, with the next key support level at $3.161.Given the current drop, if the price fails to break back above $3.190, it could lead to further declines.
Bearish Targets:
Immediate Target: $3.161 (24h Low)Extended Target: $3.000 (Key psychological level)
Entry Points:
Consider shorting below $3.168, targeting $3.161 or $3.000.Place a stop-loss above $3.190.
Trading Strategies
Bullish Strategy
Entry Point: Buy above $3.190 with a stop-loss below $3.168.Targets:First Target: $3.244Second Target: $3.244
Bearish Strategy
Entry Point: Short below $3.168, targeting $3.161 or $3.000.Stop-Loss: Place above $3.190.Targets:First Target: $3.161Second Target: $3.000