📉 $ME
USDT BEARISH SETUP – STRONG SELL PRESSURE BELOW KEY RESISTANCE!
$MEUSDT is showing clear rejection from the resistance zone, indicating further downside movement if sellers maintain control.
🔑 Key Levels:
Resistance: 0.741 – strong supply zone where price was rejected multiple times.
Support: 0.716 – key demand zone and potential target area.
Current Price: 0.732
💼 Trade Setup (Short):
Entry: 0.735 – 0.740 (confirmed rejection zone)
Take Profit (TP): 0.716
Stop Loss (SL): 0.745
📊 Market Outlook: The recent bearish engulfing pattern below resistance shows sellers’ strength. If price stays below 0.740, continuation to 0.716 is likely as momentum remains bearish.
⚠️ Risk Management: Always use stop-loss. Risk only 1-2% of capital per trade to protect your account against unexpected reversals.
💭 Comment ‘🔥’ if you caught this move!
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buy and trade here on $ME