$ME
/USDT Technical Analysis and Trade Signal
Current Price: 5.147 USDT
Momentum: Bearish (-1.64%)
Analysis
The price is trending downward, with bearish momentum evident from the 1.64% drop.
Support Level: 5.00 (psychological and technical support zone).
Resistance Levels: 5.30, 5.45, and 5.50.
Trade Signal
Action: Sell on Bounce or Breakout Below Support
Entry Points:
Near 5.20 (for shorting) if bearish momentum continues.
Watch for a reversal above 5.30 for a possible long position.
Target 🎯 Levels
1. Bearish Scenario:
Target 1: 5.00
Target 2: 4.80
Target 3: 4.60
2. Bullish Reversal (if price sustains above 5.30):
Target 1: 5.45
Target 2: 5.50
Target 3: 5.75
Momentum: Monitor trading volume and RSI (Relative Strength Index) to confirm trend strength.
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