$ME
/USDT Technical Analysis Summary:
Current Price: $3.09 (+0.81%)
Trend: Neutral to Bullish (Price has been rising steadily with a slight uptick in the last 24 hours)
Support Levels: $2.97, $3.04 (Key support zones to monitor)
Resistance Levels: $3.21, $3.12 (Key resistance points)
Volume: Average 24-hour volume of 41.10M USDT indicating decent trading activity
Trade Signal: Bullish Continuation
Entry Point: Buy above $3.10, with stop loss just below $2.97 for protection.
Momentum: The current momentum suggests a possible breakout above $3.12, with the price potentially testing new higher levels.
Target Levels (🎯):
1. First Target (🎯1): $3.22 – If price surpasses $3.12, this is the next resistance point.
2. Second Target (🎯2): $3.30 – A key resistance level where sellers could re-enter, ideal for partial profit-taking.
3. Third Target (🎯3): $3.50 – A longer-term target if bullish momentum continues strongly.
1
Trade Momentum:
Positive: Price trending higher and close to a breakout above $3.12.
Caution: Watch for a dip below the support at $2.97 for a potential reversal signal.
This setup assumes bullish sentiment continuing, but the market is always subject to volatility, so be sure to manage risk appropriately!