Question: It was originally traded on Binance at approximately 5.6 and the current situation is considered a loss. How did what you are saying happen, dear? I want to understand.

$ME ME/USDT Price Analysis



ME is currently trading at 5.286, displaying an extraordinary 1662.00% gain in the last 24 hours. The price surge has created high volatility, making it a critical point for traders.

Key Levels

Resistance:

1. 6.240 – The 24-hour high, acting as a key resistance for further upside.

Support:

1. 4.359 – Immediate support from recent pullbacks.

2. 2.181 – A major support zone if a significant retracement occurs.

Analysis

The sudden parabolic move suggests strong speculative interest or an external catalyst driving the price. If the rally sustains above 5.000, the price could test or break through 6.240. However, the high volatility indicates the potential for sharp reversals, especially if selling pressure builds.

Trade Setup

Long Entry: Above 5.300, targeting:

Target 1: 6.000

Target 2: 6.240

Target 3: 6.500

Short Entry: Below 4.350, targeting:

Target 1: 4.000

Target 2: 3.500

Stop Loss:

For long trades: Below 4.800

For short trades: Above 5.300

Caution

The extreme price movement increases the risk of sharp corrections. Tight risk management is essential. Monitor volume and momentum for signs of exhaustion or continuation.

Let me know if you'd like further insights or adjustments!

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