Currency / Symbol: ME 🪙 $ME
Recommendation: SPOT Trading 🏃 Instant
Buy / Entry: 0.418 – 0.422
The currency shows strong consolidation above a short-term support area after a natural correction from the previous upward wave, with positive indicators of a return of buying momentum and a continuation of the upward trend towards new peaks.
💲 Targets (Take Profits) 💰
🏹 First Target: 0.430
🔹 Achieving it confirms the beginning of the short-term upward wave.
🪐 Second Target: 0.438
🔸 Exceeding it indicates the continuation of the positive trend towards higher levels.
Third Target: 0.445
▪️ The highest target for the current wave provided it remains above the specified support.
🛡 Stop Loss: 0.408
🔹 Breaking this level temporarily invalidates the bullish scenario.
📝 Currency Analysis 🔍
The ME currency is moving within a general upward path with strong consolidation after the correction, indicating readiness to break through nearby resistance areas and complete the upward wave, God willing, towards the specified targets.
💡 Capital Management Advice:
Do not exceed 10% of capital in the trade, and start securing profits gradually from the first target.
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