$ME
Short-Term Trend:
Bullish: The +9.49% gain indicates strong upward momentum. However, the price nearing $4.13 (24h high) might face resistance.
2. Support and Resistance:
Support: Near $3.316 (24h low).
Resistance: Near $4.130 (24h high) and $3.960 (MA60).
3. Trading Strategy:
For Traders: Watch for a breakout above $4.13 for confirmation of continued bullish momentum.
Risk Management: Place stop-loss slightly below $3.316 to mitigate downside risk.