Technical Analysis: $ME /USDT
Current Price: $3.002 (+0.33%)
24H Range: $2.831 - $3.104
Volume: 6.36M
Targets and Analysis:
1. Immediate Target: $3.050
The price has regained upward momentum and is approaching the resistance at $3.050. A breakout could confirm bullish strength.
2. Next Target: $3.100
Sustained buying pressure may lead the price to test the 24H high of $3.100. This is a crucial level to watch for potential consolidation.
3. Extended Target: $3.200
If momentum continues, $3.200 could act as a major target, aligning with previous highs and a strong resistance zone.
Strategy:
Secure Partial Profits: Consider taking partial profits near $3.050 to $3.100.
Stop Loss: Place a stop loss at $2.950 to mitigate downside risk.
Re-entry Opportunities: Look for re-entry on pullbacks around $2.970 - $3.000 if buying volume remains strong.
