$ME /USDT Trade plan.
- The current price is around $1.041.
- The chart shows a recent uptrend, with the price bouncing off at 0.796) and moving towards : 1.084).
- A potential entry zone could be around the current price or slightly lower if it retraces to the 0.940) or the recent support levels.
2. *Take Profit*: Take profit levels are set based on resistance levels or profit targets.
- The 24-hour high is $1.179, which could act as a resistance level.
- The chart shows a significant increase in volume during the uptrend, indicating strong buying interest.
- A potential take profit could be set around $1.079 to $1.179,
3. *Stop Loss (SL)*: The stop loss is set to limit potential losses if the trade does not go as expected.
- A stop loss could be placed below the recent low or a significant support level.
- The recent low is around $0.855,
- A potential stop loss could be set around $0.785, which is slightly below the recent dip
Based on this analysis:
- *Entry Zone*: Around $1.041 or slightly lower if it retraces to ($0.940).
- *Take Profit*: Around $1.079 to $1.179.
- *Stop Loss (SL)*: Around $0.785.
Good Luck.