Quick Profit Trading Signal For
$ME Entry Range: $1.65 - $1.70
Action: Sell 📉
SL (Stop Loss): $1.78
TP 1: $1.60
TP 2: $1.55
TP 3: $1.50
🥂 Trade Now 👇
$ME 🚨 Note: Trade at your own risk. DYOR.
Analysis of the Signal:
ME is currently down 11.07% in the last 24 hours, indicating strong selling pressure. However, its 24-hour trading volume is up 95.33%, meaning there's high activity, which could lead to further volatility.
Resistance at $1.75 - $1.80 could prevent an upside move.
The price has already retraced from $1.90 to $1.66, confirming a downward trend.
If ME loses the $1.65 support, further downside toward $1.50 - $1.55 is likely.
Reversal Possibility Trade Setup (Bullish Scenario)
If ME breaks above $1.78 with strong volume, it could trigger a reversal.
Entry Range: $1.80 - $1.85
Action: Buy 📈
SL: $1.72
TP 1: $1.95
TP 2: $2.05
TP 3: $2.15
Reason for Reversal:
ME bounced from $1.11 (recent low), gaining 51.16%, indicating strong buyer interest.
A break above $1.78 could flip the trend bullish, allowing price recovery toward $2.00+.
Volume increasing over 100% suggests high liquidity, which could support an upside move if sentiment shifts.
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