Technical Analysis for $ME

/USDT:

Current Price: $3.576 (+4.87%)

Trend: Bullish (Currently experiencing positive movement with a +4.87% increase)

Key Levels:

Support: $3.297 (recent low level)

Resistance: $3.676 (recent high level)

Trade Momentum:

The price is showing upward momentum, with price action above its short-term moving averages.

The market sentiment is positive, and the increase in volume suggests strong buying interest.

Trade Signal:

Entry Point: Buy around $3.57 (current price), considering a strong upward trend.

Target Levels:

Target 1: $3.70 (first resistance zone)

Target 2: $3.80 (next resistance level)

Target 3: $3.90 (high momentum target)

Stop Loss: $3.40 (below support to limit risk)

The trade is showing bullish momentum with increasing volume, making it favorable to enter long positions. However, close monitoring is recommended as the price approaches key resistance levels.

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