ME/USDT (2D) — Last Stand at the Support Zone!ME/USDT is now at a make-or-break moment. After a prolonged downtrend since the start of the year, price action has formed a Descending Triangle — a combination of a falling trendline pressing down from above and a strong horizontal support between 0.65 – 0.85 USDT.
📌 Why this zone matters:
This yellow zone has repeatedly absorbed heavy selling pressure.
A breakdown below it could open the door to a much deeper fall.
Conversely, a breakout above could be the first sign of a trend reversal.
---
🔍 Pattern Analysis
Descending Trendline Resistance
Every rally attempt since the yearly top has been capped by this dynamic resistance, keeping lower highs intact.
Horizontal Support Zone (Yellow Box)
This area acts as the “last wall” for buyers. While it holds, the bullish case is alive.
Descending Triangle Structure
Statistically, this pattern tends to break down if formed after a strong downtrend — but in crypto, sudden sentiment shifts or fundamentals can flip the script.
---
📈 Bullish Scenario
1. Strong Breakout: A 2D candle close above the descending trendline and 0.98 USDT.
2. Successful Retest: Price retests the breakout zone and holds above it.
3. Upside Targets:
Target 1: 1.214 USDT (+57%)
Target 2: 1.921 USDT (+149%)
Extended Target: 2.699 USDT if momentum surges.
4. Volume Confirmation: Without strong volume, breakouts risk being fakeouts.
---
📉 Bearish Scenario
1. Breakdown: A 2D candle close below 0.65 USDT (bottom of the support zone).
2. Failed Retest: Price attempts to reclaim support but gets rejected.
3. Downside Targets:
Initial Target: 0.50 USDT
Extreme Target: 0.30 USDT (lowest point shown on chart).
4. Acceleration Risk: Strong volume + weak market sentiment can accelerate the drop.
---
📊 Key Levels to Watch
Resistance: 0.98 | 1.214 | 1.921 | 2.699 | 5.416
Support: 0.65 (major) | 0.50 | 0.30 (extreme low)
---
💡 Trader’s Notes
Descending triangle + strong support = high-stakes setup.
Wait for confirmed 2D candle closes and volume spikes before entering.
Always manage risk with clear stop-loss levels & proper position sizing (risk < 2% capital).
Watch for news catalysts or shifts in broader market sentiment.
#ME #MEUSDT #Crypto #TechnicalAnalysis #DescendingTriangle #Support #Resistance #Breakout #Breakdown
