$ME /USDT Analysis and Prediction
Technical Analysis Overview:
1. Current Price: $3.593 (-7.25% in 24 hours).
2. 24H High/Low: $4.081 (high) / $3.588 (low).
3. Trend Indicators:
Price is below EMA(7) and EMA(25), signaling short-term bearish momentum.
Approaching EMA(99) ($3.619), which acts as the last line of support before a potential breakdown.
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Prediction and Strategy:
Bearish Scenario (Downtrend Continuation):
Entry for Short: $3.600–$3.620 (if price fails to reclaim EMA(7)).
Target Levels:
First Target: $3.400 (near-term support).
Second Target: $3.200 (psychological and technical support).
Stop Loss: Above $3.750.
Bullish Scenario (Reversal):
Entry for Long: $3.500–$3.550 (near the current low).
Target Levels:
First Target: $3.700 (EMA(7) resistance).
Second Target: $3.850 (EMA(25) and key resistance).
Stretch Target: $4.000 (breakout potential).
🛑🛑🛑Stop Loss: Below $3.450.
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Observations:
The chart shows strong selling pressure, but a bounce from the $3.500 level could trigger a reversal.
Volume is a key indicator here—watch for an increase at support levels to confirm a reversal.
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Risk Management:
Allocate 2–3% of your portfolio for this trade.
Use trailing stop-loss orders to secure profits during volatile moves.
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Final Note:
Monitor closely for confirmation of trend direction. A breakdown below $3.500 could accelerate selling, while a reclaim of $3.700 might signal recovery.
Let me know if you'd like a detailed chart or additional updates!
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