$ME A long liquidation occurred at $3.026 with a value of $23.654K. This indicates selling pressure due to traders exiting their positions, likely triggered by price hitting stop-loss levels or market instability.

Current Situation:

After the liquidation, the price might enter a correction phase or find support for a potential rebound. Monitoring volume and market sentiment is crucial at this stage.

Next Steps for $ME

Buy Zone:

$2.85 - $3.00

This range could serve as a strong support zone. If the price stabilizes here, it may be a good entry point. Use caution and wait for confirmation of support through volume or price patterns like a reversal candlestick.

Targets:

Short-Term Target (T1): $3.20

Mid-Term Target (T2): $3.40

Long-Term Target (T3): $3.60

These targets are based on Fibonacci retracement levels and psychological resistance areas. Breakouts above these levels could indicate further bullish momentum.

Stop-Loss:

$2.75

Set your stop-loss just below the support zone to minimize potential losses in case the price breaks downward.

Additional Notes:

1. Volume Analysis: If the price approaches the buy zone with high trading volume, it may indicate accumulation by buyers.

2. Market Sentiment: Keep an eye on overall crypto market trends, as they often influence individual tokens like $ME.

3. Risk Management: Allocate only a small portion of your portfolio to $ME and ensure you have a clear risk-reward ratio.

Would you like a chart with these details for better understanding.

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