$ME /USDT: Consolidation Phase with Scalping Opportunities
$ME /USDT is trading at $3.016, up by 2.41% over the last 24 hours, with a 24-hour high of $3.160. The RSI at 52.23 indicates neutral momentum, suggesting a consolidation phase with potential for short-term scalping opportunities. Enter the trade near $3.010, targeting TP1: $3.040, TP2: $3.070, and TP3: $3.100. To safeguard your position, set a stop loss at $2.970, just below the support level.
The market appears to be stabilizing after a recent spike, offering a low-risk entry point for traders. Secure partial profits at each target and monitor closely for a breakout above $3.160 for a potential bullish continuation. This setup is ideal for quick, precise trades in a consolidating market.