Trading Signal Alert for ME/USDT

Time Frame: 4-Hour Chart

Current Price: $2.983

Price Action: The price has recently declined by 6.34%, with a 24-hour range between $2.961 (support) and $3.367 (resistance). The chart reflects a downtrend after hitting a high of $3.695.

Key Levels:

Support: $2.961, $2.582

Resistance: $3.123, $3.367

Trading Strategy:

Entry: Consider entering near $2.98 for a potential bounce or at $2.96 after confirming stability.

Take Profit (TP):

TP1: $3.12

TP2: $3.36

TP3: $3.50

Stop Loss: Place a stop loss at $2.85 to minimize downside risk.

Caution: Watch for a breakout above $3.36 or a breakdown below $2.96 for potential momentum in either direction. Use proper risk management while trading.

#Binance #CryptoSignals #BTCNextMove #CryptoTrading #Altcoins