Market crash sweeps across the market! ME short sellers hunting grounds, account profits dazzling!
ME's market performance has recently attracted attention, with a gradual emergence of a short-term adjustment trend. On the technical front, the MACD has formed a death cross, and bearish forces are gradually taking the dominant position, leading to a more cautious market sentiment. The repeated failure to break through the upper Bollinger Band resistance level further indicates that upward resistance remains strong. Meanwhile, on-chain data shows that selling volume remains high, and the persistent selling pressure indicates that the market still faces the risk of volatile adjustments in the short term.
Currently, it is crucial to closely monitor whether the price can find stabilization opportunities within the support range, especially in terms of whether trading volume can be released to alleviate downward pressure. Overall, the downward trend of ME is quite evident, with selling pressure exerting significant suppression on prices.
In such a macro environment, it is essential to stay calm and pay attention to market trends. Want to learn more market insights? Follow the expert and make the right decisions!
