๐จ $ME /USDT โ Oversold and Undervalued, or Just Getting Started? ๐ฏ
$ME is hovering near $1.04 with a modest gain, but RSI is deep in the oversold zone. Is a bounce imminent, or are we bracing for a further breakdown? Letโs analyze the setup!
๐ Market Overview
๐ Current Price: $1.042
๐ 24h High: $1.109
โ๏ธ 24h Low: $1.015
๐ Volume:
ME: 2.65M
USDT: 2.82M
๐ Moving Averages:
MA(7): $1.069
MA(25): $1.057
MA(99): $0.982 (long-term support zone)
๐ RSI (6): 33.01 (Deep in oversold territory โ bounce likely)
๐ MACD: Awaiting confirmation (momentum still weak but bottoming signs present)
๐ ME Trade Setup โ Key Levels to Watch
๐น Bullish Scenario (If ME holds above $1.030):
Entry: Above $1.050
Targets: $1.100, $1.120, $1.150+
Stop-Loss: $1.010
๐น Bearish Scenario (If ME breaks below $1.010):
Entry: Below $1.000
Targets: $0.980, $0.950, $0.900
Stop-Loss: $1.070
๐ Should You Hold or Sell?
โ RSI near 30 = potential for a sharp bounce
โ Price above MA(99) = structure intact on the higher timeframes
โ ๏ธ Break below $1.010 could accelerate downside pressure
๐ก Pro Tip:
๐ Watch for volume confirmation near $1.050โif bulls show strength, this could trigger a move back toward $1.15+
๐ Weak follow-through = potential fakeout and deeper retracement
๐ข Whatโs your game plan for $ME? Holding through volatility or selling on strength? Sound off in the comments! ๐
๐ฅ LIKE & SHARE if you want more high-probability trade setups! ๐