$MEW Here's a thrilling and unique breakdown of the $MEW short liquidation and potential trade.

The recent short liquidation for $MEW shows a significant amount of $22.666K liquidated at the price level of $0.00664. This event signals potential market volatility and could lead to strong price movement, either upward or downward.

What’s Next for $MEW.

1. Short Liquidation Impact.

Short liquidations can trigger a short squeeze, where the price can spike sharply upward as short positions are forced to close.

This could create a buying opportunity, especially if more short positions are liquidated.

2. Support and Resistance Levels.

Support Zone. The key support for $MEW lies around $0.0060. If this level holds, there could be a bounce back.

Resistance Zone. The resistance is at $0.0072. Breaking this level could lead to further bullish momentum.

3. Next Move.

If $MEW shows strength and holds above $0.0060, we could see a push toward $0.0070 to $0.0075.

However, if the price falls below $0.0060, we might see a dip back to $0.0055.

Buy Zone.

$0.0060 - $0.0063. This range offers a good entry point, as it aligns with previous support and the potential for a short squeeze.

Target.

Target 1: $0.0072 Resistance level, potential take-profit point.

Target 2: $0.0080 Next level of resistance, higher price action after a breakout.

Stop Loss.

Stop Loss Level. $0.0055 If price falls below this, reconsider the position.

Key Takeaways.

Bullish Scenario. If $MEW holds support at $0.0060 and moves toward $0.0072 or higher, the short liquidation could trigger more buying pressure.

Bearish Scenario. If the price drops below $0.0055, the trend might reverse, and caution is needed.

Stay vigilant. The next few hours could see significant price action based on this short liquidation event.

This analysis gives you a simple and clear trading strategy, keeping in mind market conditions and short liquidation impact.

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