$ME /USDT Technical Analysis & Trade Signals
Current Market Overview:
Price: $5.467
24h Change: +1722.33%
Volatility: Extremely high
Momentum: Mixed (short-term correction, long-term potential upside)
Key Levels
1. Support Levels:
$4.80 (Strong Support)
$3.50 (Critical Support)
2. Resistance Levels:
$6.20 (Immediate Resistance)
$7.80 (Major Resistance)
Trade Setup:
Bullish Scenario:
If the price sustains above $5.50, long entries can be considered with the following targets:
🎯 Target 1: $6.20
🎯 Target 2: $7.10
🎯 Target 3: $7.80
Stop-loss: $4.80
Momentum: High volatility; ideal for experienced traders.
Bearish Scenario:
If the price fails to hold above $5.00, a short position may be initiated:
🎯 Target 1: $4.20
🎯 Target 2: $3.80
🎯 Target 3: $3.50
Stop-loss: $5.60
Momentum: Risk of a sharp drop if key supports are breached.
Trade Momentum Analysis:
15m & 1h: Weak momentum, suggesting short-term correction.
4h: Neutral, indicating sideways movement.
1D: Bullish trend intact despite corrections, supported by massive trading volume.
Caution:
Extremely volatile; adjust position sizes accordingly.
Watch volume patterns for confirmation of breakouts or breakdowns.
Ideal for scalping or short-term swing trading.
