$ME Short Liquidation Alert

A short position of $9,990.2 was liquidated at a price of $4.77518 for ME (Mercurity Fintech Holding).

This indicates that traders expecting the price to fall were caught off guard as the price surged.

What Does This Mean?

1. Bullish Pressure:

Liquidation forces shorts to buy back, adding upward momentum.

2. Market Volatility:

Expect higher price swings as traders react to this move.

What’s Next for ME?

Immediate Resistance: Watch $4.80-$5.00; breaking this could trigger more buying.

Support Zone: Around $4.70, a key level to hold for bulls.

Market Sentiment: Positive momentum may continue if broader crypto trends remain bullish.

Trading Tips:

Watch price action near key levels.

Use tight stop-loss to protect against sudden reversals.

Stay informed on ME-specific news or updates.

Timing is key—trade wisely!

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