⚡ $MEW Long Liquidation Alert: $5.8106K at $0.00624! ⚡
The $MEW market just witnessed a $5.81K long liquidation at $0.00624, causing bearish pressure to mount. But where there’s volatility, there’s opportunity! Let’s break it down and plan your next trade.
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Market Insights
Liquidation Effect: Long liquidations often lead to short-term price drops, but they can create strong buyback zones if support holds.
Current Trend: $MEW is hovering near a critical support level — a potential bounce could be in play.
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Trading Plan
1. Buy Zone:
💹 $0.00600 to $0.00630 — Look for entries within this range, focusing on dips closer to $0.00600.
2. Target Levels:
🎯 Target 1: $0.00650
🎯 Target 2: $0.00680
🎯 Target 3: $0.00720
3. Stop Loss:
🔴 Place a stop-loss at $0.00580 to manage your risk in case of further downside.
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Key Factors to Watch
1️⃣ Support Strength: If $MEW holds above $0.00600, it could signal a bullish reversal.
2️⃣ Volume Activity: A spike in buying volume near $0.00620 could confirm a rebound.
3️⃣ Bearish Signal: Be cautious if price dips below $0.00580 — this could lead to further declines.
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⚠️ Risk Reminder: This is not financial advice. Always DYOR (Do Your Own Research) and trade responsibly!
$MEW is in a pivotal moment — are you ready to take action and ride the recovery? Stay sharp and trade smart! 🚀
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