$ME USDT 5-Min Chart Analysis (Binance)
The chart shows a strong downtrend with consistent lower highs and lower lows, followed by a potential reversal signal forming at the $1.70-$1.73 support zone. The blue trendline indicates a possible breakout if buying pressure increases. This suggests a short-term bullish bounce, but the trend remains bearish overall unless it breaks key resistance levels.
Long Position Setup:
Entry: $1.74 - $1.76 (after breakout confirmation)
Take Profit (TP): $1.82 / $1.90
Stop Loss (SL): $1.70
Leverage (Futures): 5x-10x
Short Position Setup:
Entry: $1.76 - $1.78 (if price rejects resistance)
Take Profit (TP): $1.70 / $1.65
Stop Loss (SL): $1.80
Price Prediction:
Bullish Scenario: If $1.76 is broken with volume, target $1.90+.
Bearish Scenario: Rejection around $1.76 could push price back to $1.65 or lower.
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