$ME Liquidation Surge: Shorts Wiped Out!
Liquidated Short: $127K at $3.581
Market Analysis:
Massive Short Squeeze: A huge $127K short position liquidated, sending prices soaring in $ME .
Current Sentiment: Bulls are taking control, pushing the price higher amid the liquidation frenzy.
Hints for Next Moves:
1. Resistance Zone: A key test at $3.80, where profit-taking could slow momentum.
2. Support Level: Strong buying support may form around $3.50, a critical level for sustaining the bullish trend.
3. Breakout Watch: If price breaks above $3.80, we may see a continued rally, potentially targeting $4.00.
Quick Strategy:
Bulls: Look for a breakout above $3.80 before adding to positions.
Bears: Be cautious, as any retracement may quickly reverse. Watch for price action near $3.50 for potential short entries.
#ME is on the move—momentum is building fast!
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