Magnificent BKC

📈 #ME /usdt Daily Chart Analysis – Strong Reversal Signal Incoming? 🚨🔥*

A powerful green candle just broke through the *middle Bollinger Band*, aiming for the upper band – a clear sign of strong buying pressure! 📊🚀

💡 *Bottomed at: 0.710* – Now climbing rapidly!

🔹 *RSI(6): 71* – Entering overbought territory
🔹 *MACD* turning bullish with green bars emerging

This looks like a classic *V-shaped recovery*, often followed by momentum continuation! 📈

🎯 *Target zone:*1.11+ possible if momentum holds, but be cautious – RSI is high, so *short-term pullbacks* may occur. ⚠️

I’m staying realistic but signs are clear. What’s your take on ME/USDT? Drop your thoughts below! 👇💬

#ME #Binance #boll #RSI

#WCT

According to my own analysis and observations:

Based on the chart and indicators, I believe there’s a possibility of a short-term upward correction:

*1. MACD:*
As seen in the blue-circled area, the MACD histogram bars are shrinking, which suggests that the downward momentum is losing strength. A bullish crossover might be on the way.

*2. RSI:*
The RSI(6) is at 89.22 — an extremely high level. While this generally signals overbought conditions, it also shows strong buying momentum. RSI(12) and RSI(24) are also high, which means that even in the case of a short correction, buying pressure could remain intact.

*3. Bollinger Bands:*
The price recently bounced from the lower band and is moving toward the middle band. If the volume supports it, I expect the price to approach the upper band — around *0.79–0.80*.

*4. Trendline:*
There’s a potential pullback move forming toward the descending trendline, which matches the behavior I anticipated (indicated by the curved green arrow).

*Summary:*
In my opinion, a rise toward the 0.79–0.80 range looks likely in the next short-term window — not as a trend reversal but rather a corrective bounce.
If I were trading this move, I’d place a stop-loss slightly below the 0.50 level.

#PNUTAlert #pnut coming soon…