Technical Analysis and trading signal for $ME /USDT🚀🔥💯💯💯

Current Price: $3.831

Trend Analysis:

The price is currently within a mild downtrend as it shows a slight drop of 1.08% in the past 24 hours.

The 24h High and 24h Low suggest some level of consolidation between $3.730 and $3.954.

Support & Resistance Levels:

Support Level 1: $3.730 (Recent 24h low)

Support Level 2: $3.614 (Depth suggests this could be a key level for support)

Resistance Level 1: $3.954 (24h High)

Resistance Level 2: $4.00 (Psychological resistance, considering current trend)

Moving Averages:

The Short-term (15m, 1h) trend seems neutral to bearish based on price fluctuations.

The Medium-term (4h, 1D) suggests potential for a bounce if support holds near $3.730.

RSI (Relative Strength Index):

The RSI is likely neutral, hovering around 50. A value above 50 would indicate more bullish momentum, while below 50 suggests bearish pressure.

MACD:

The MACD is showing a possible bearish cross near the current price, indicating more selling pressure unless a reversal occurs.

Trade Signal:

Entry Point:

Consider entering near $3.730, around the key support level, if price shows signs of stabilization or bounce.

Target Levels:

1. Target 1: $3.954 – 24h High (Immediate short-term resistance)

2. Target 2: $4.00 – Psychological resistance

3. Target 3: $4.20 – Next key resistance zone (if bullish trend continues)

Stop Loss:

Set stop loss just below $3.730 at $3.70 to manage risk if price breaks the support.

Trade Momentum:

Bearish Momentum: If price fails to break $3.954, further downside towards $3.614 could be possible.

Bullish Momentum: A strong breakout above $3.954 could propel the price to $4.00 and higher.

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