$ME /USDT: On the Verge of a Breakout
Current Price: $3.919 (+12.58%)
24H High/Low: $4.130 / $3.316
24H Volume: 26.63M $ME
Price Targets:
1. Immediate Target: $4.100
2. Mid-Term Target: $4.300
3. Extended Target: $4.500
Analysis:
Support Zone: Strong support around $3.750, showcasing buyer interest at this level.
Resistance Levels: The price is nearing the $4.100 resistance. A breakout above this could lead to further upward momentum.
Trend: Bullish momentum is evident, supported by increasing trading volume and strong green candles on the 15-minute chart.
Strategy:
Entry Point: Consider entering at $3.850 with a stop-loss set at $3.700.
Profit Booking: Short-term traders can aim for $4.100, while mid-term holders can target $4.500.
Market Insight:
$ME /USDT shows strong upward momentum with bullish sentiment driving the price. Continued buying pressure may push it towards higher targets, offering a lucrative opportunity for traders.