ME Likely to Revisit 1.415 ZoneBased on the MissedPrice concept, rapid price moves often skip levels that price later revisits. The 1.415 level shows an Open Interest leap, suggesting missed positions.
Meusdtanalysis
MEUSDT 1D AnalysisME ~ 1D Analysis
#ME This trade is very high risk
Buy from here if you still have a Conviction on this coin with a short -term target of at least 10%+.
MEUSDT Ready to Explode or Another Bull Trap?Yello, Paradisers! Are we about to witness a strong bullish reversal on MEUSDT, or is another trap being set? Let’s break it down.
💎MEUSDT has formed a well-structured ending diagonal with a clear 5-wave pattern, increasing the probability of an upcoming bullish move. Additionally, the inverse head & shoulders pattern, combined with bullish divergence, further supports a potential reversal. However, for confirmation, we need a decisive breakout and candle close above the key resistance zone to increase our odds.
💎In case of a retracement or panic selling, we are eyeing a bounce from the major support zone, where a potential double-bottom formation could play out. But to strengthen the bullish case, we need to see bullish I-CHoCH (Internal Change of Character) or a W-pattern forming on lower timeframes.
💎On the flip side, if MEUSDT breaks down and closes candle below the major support zone, it will invalidate our bullish outlook. In that scenario, waiting for stronger price action and a more favorable setup would be the best approach.
🎖Patience and strategy are key, Paradisers! Rushing into trades without confirmation is a sure way to get trapped. Play it smart, stay disciplined, and wait for high-probability setups. That’s how you win in this market!
MyCryptoParadise
iFeel the success🌴
