Post for Binance Analysis

Trading Pair: $ME /USDT

Current Price: $3.27 (+2.73%)

Technical Analysis Overview: The $ME /USDT pair is displaying a slight upward momentum, gaining 2.73% in the last 24 hours. The price is moving within a consolidation phase, with key levels identified for potential breakouts or reversals.

Targets:

1. Target 1: $3.50 (Immediate resistance)

A breach of this level could signal a short-term bullish rally.

2. Target 2: $3.70 (24-hour high)

Testing this level would confirm buyers' strength in the market.

3. Target 3: $4.00 (Mid-term potential)

A psychological resistance level that may act as a strong bullish target.

Key Levels:

Support: $3.10 (Recent low and demand zone)

Resistance: $3.50, $3.70, $4.00

Strategy Recommendations:

Short-term traders: Look for a breakout above $3.50 and aim for $3.70. Adjust stop-losses to secure profits.

Long-term traders: Use dips near $3.10 for accumulation, targeting $4.00 with appropriate risk management.

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