$MEW Long Liquidation Alert
A $50.9K long position was liquidated at $0.009421, signaling a strong sell-off and shifting market sentiment toward bearish.
Market Analysis
The liquidation suggests that momentum is stalling, with bears potentially gaining control.
The next few price actions will be crucial in determining the direction.
Key Levels to Watch
🔻 Support: $0.0093 — A break below could push the price toward $0.0090.
🔺 Resistance: $0.0095 — If this level is reclaimed, it could open the door for a potential reversal.
Trading Strategy
• Short Consideration: If price dips below $0.0093, short positions might be viable.
• Wait for Confirmation: Look for a clear breakout above $0.0095 before considering long positions.
Keep an eye on the market, as volatility remains high!
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