šŖ $ME /USDT ā Market & Technical Analysis Update šš„
$ME/USDT is currently trading at $0.341 (-11.43%), showing strong bearish pressure in the last sessions. Price dropped from a 24h high of $0.407 to a low of $0.328, with total volume of 8.03M $ME and 3.04M USDT, signaling active selling.
š Key Technical Levels
ā¢ Major Support: $0.328
ā¢ Immediate Resistance: $0.362 ā $0.374 ā $0.386
ā¢ Trend: Bearish as long as price stays below $0.349 ā $0.362
ā¢ MA(5): 28,185 and MA(10): 33,770 show downward momentum, confirming selling dominance.
š Trading Signal: SHORT
Market sentiment and price structure indicate higher probability of downside continuation unless ME breaks above $0.362 with strong volume.
ā ļø Trader Note
Watch for liquidity grabs near $0.328. A breakdown below this zone can push ME into deeper correction. Only consider long positions if it reclaims $0.362 with bullish candles & volume.
