$ME Short Liquidation Alert

A $5.069K short position on ME was liquidated at $3.143,

causing a sharp price increase as short sellers were forced to cover.

What It Means:

Price Surge: The liquidation likely triggered buying pressure, pushing ME higher.

Bullish Momentum: The market sentiment is now more positive for ME, with the potential for further gains.

What to Watch Next:

1. Support Levels: Monitor $3.10 and $3.00 for possible support.

2. Resistance Levels: If ME keeps climbing, $3.20 could act as resistance.

3. Volume Activity: Higher volume may signal continued bullish momentum.

4. Market Sentiment: Keep an eye on news that could affect ME’s price movement.

ME is showing bullish strength after the short liquidation—expect further upward action if the momentum holds!

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