$ME /USDT Trading Signal
Short Signal
Entry Zone: $2.675 - $2.700
Take Profit (TP): $2.610
Stop Loss (SL): $2.735
Market Observation:
The $ME /USDT pair is trading below the 99-period moving average ($2.759), showing bearish momentum. The rejection from the 25-period moving average ($2.694) indicates a potential continuation of the downward trend. Targeting the recent support level at $2.610.
Risk Management:
Implement the stop loss at $2.735 to limit potential risks if the market reverses.