$ME Long Liquidation Alert!

A $7.80K long position was liquidated at $3.52125, showing strong selling pressure.

This could mean bears are in control, but it may also create opportunities for a potential recovery.

Market Insights:

1. Bearish Signal: The liquidation reflects weakness in buyer momentum.

2. Support Levels: Immediate support lies at $3.50 and $3.40.

3. Upside Recovery: If buyers step in, a move above $3.55 could indicate renewed strength.

Next Suggested Move:

Buy Zone:

$3.50–$3.45: Look for stability or a bullish reversal in this range.

Targets:

Target 1: $3.60 (short-term resistance).

Target 2: $3.70 (if bullish momentum builds).

Stop Loss:

Set a stop-loss at $3.40 to minimize risk.

Pro Tips:

For Long Traders: Only buy if the price holds above $3.50 with strong volume.

For Short Traders: Consider shorting if the price breaks below $3.45, targeting $3.30 with a stop-loss at $3.50.

Stay alert, trade with discipline, and manage your risk carefully. Let the market guide your decisions!

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