$ME /USDT Reversal Trade Setup
1. Entry Zone: $3.70 - $3.73
2. Stop Loss (SL): $3.65 (below recent swing low)
3. Take Profit 1 (TP1): $3.78
4. Take Profit 2 (TP2): $3.85
Analysis:
The chart shows a potential "V" shape recovery indicating a strong bounce off $3.66 support.
Volume and momentum confirm bullish strength, aiming for a breakout above $3.75.
Short-term resistance at $3.78, with room to push higher if momentum sustains.
Risk Management:
Use a tight SL to limit downside risk.
Once TP1 is hit, move SL to entry for a risk-free trade.
Outlook:
ME/USDT is showing signs of recovery, with a target of $3.85 if resistance at $3.78 is breached. Watch closely for continued momentum.