Technical Analysis & Trade Signal for $ME
/USDT
Current Price: 3.884 USDT
Momentum: Bullish
The price is trading above the previous day's resistance, indicating strong buying pressure.
Indicators:
1. Moving Averages: Price is above the 20 EMA, showing bullish momentum.
2. RSI: RSI is near 70, suggesting strength but nearing overbought levels.
3. Volume: High volume supports the uptrend, with 12.16% growth in 24 hours.
Trade Signal:
Buy Entry: 3.88 - 3.90 USDT
Maintain a stop loss below 3.70 USDT.
Target Levels 🎯:
1. Target 1: 4.10 USDT (Short-term)
2. Target 2: 4.35 USDT (Mid-term)
3. Target 3: 4.50 USDT (High-risk long-term target)
Momentum: Strong Buy ✅
If the price consolidates above 3.90 USDT, expect a breakout towards 4.10 USDT.
Monitor the depth chart and watch for strong resistance at 4.00 USDT.