$ME Trading Strategy Update

🔎 Key Insight:

A short liquidation of $9.92K occurred at $3.32773, signaling strong buying pressure as bears were forced to close their positions. This could indicate a bullish reversal and a chance for further upside momentum.

📈 Next Move - Buy Zone, Target & Stop Loss

1️⃣ Buy Zone:

Enter between $3.310 - $3.340. This range is near the liquidation level and provides a safe entry for capturing the bullish momentum.

2️⃣ Target Levels:

Target 1: $3.380 (initial resistance)

Target 2: $3.420 (mid-level target)

Target 3 (Stretch Goal): $3.480

3️⃣ Stop Loss:

Set a stop loss at $3.280 to protect your capital in case of a reversal.

💡 Strategy Insights:

Volume Confirmation: Check for increased buying volume near $3.327 to confirm bullish interest.

Risk Management: Use proper position sizing and avoid over-leveraging to reduce risk.

Market Sentiment: Monitor broader market conditions as they may influence $ME price movements.

🚨 Pro Tips for Success:

Enter Strategically: Wait for confirmation of price stability within the buy zone before entering.

Secure Profits Gradually: Take profits at $3.380 and $3.420 while holding a portion for the stretch goal of $3.480.

Set Alerts: Use price alerts for $3.340 and $3.380 to track movements efficiently.

Patience and discipline are critical. Follow your plan, manage your risks wisely, and trade with confidence!

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