📢
$ME / $USDT | 🟢 LONG | ⭐ 82.1%
🎯 Goal: $0.07253. Will it achieve it?
🎯 Trading levels:
🟢 Entry: $0.06833
🛑 Stop Loss: $0.06553
🏁 TP1: $0.07253
🏁 TP2: $0.07393
🏁 TP3: $0.07533
📈 Analysis:
$ME shows a bullish alignment across all timeframes, supported by a 4.2x increase in volume that suggests strong institutional activity. Price respects the structure after confirming a triple-bottom pattern, with an RSI of 66.76 (a relative strength indicator that shows buying momentum) and a bullish MACD crossover (a divergence that confirms a momentum shift). The trend is solid with an ADX of 22.33, keeping the asset above the 20, 50, and 200 EMAs.
⚖️ Risk/Reward: 1:1.5
⏱️ Timeframe: 1H
📐 Technical confidence: 4/5
The thesis is invalidated if the price loses support at $0.06553 with a bearish close. We will monitor the break above the resistance level at $0.07074 to confirm continuation toward the proposed targets.
What volume do you expect to see on the breakout of the current resistance to validate the move?
💡 This analysis is for educational purposes and not financial advice. Do your own research and decide calmly.
#crypto #ME #trading #Futures #Bullish