$ME /USDT – Bearish Momentum: Reversal or Continuation? 🚨

Entry Zone: $3.15 - $3.20

Targets:

1. $3.25

2. $3.30

3. $3.38

Stop Loss: $3.10

Market Analysis

$ME /USDT is showing a 12.93% decline, trading near its daily low of $3.175. Key observations:

MA(7): $3.23, immediate resistance for short-term recovery.

MA(25): $3.27, critical for mid-term trend validation.

MA(99): $3.38, a long-term resistance to confirm bullish strength.

The current price action suggests sellers are in control, but a potential bounce from $3.15 support could trigger a recovery towards the mentioned targets.

Pro Tip:

Watch for a breakout above $3.20 for a potential bullish reversal. Tight stop-loss management is essential to mitigate risk in volatile conditions.

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