$ME Short Liquidation Alert!
A significant $1,472.1 was liquidated at $3.019, signaling strong bullish momentum as shorts get squeezed out.
The buying pressure is heating up, and a potential breakout might be on the horizon.
Are bulls ready to take full control?
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Key Details:
1. Liquidation Volume: $1,472.1
2. Liquidation Price: $3.019
3. Market Sentiment: Bullish momentum intensifying after short squeeze.
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Next Move: Strategic Plays
1. Ride the Bull Wave:
Consider entering a long position above $3.02, targeting $3.15-$3.20.
Watch for strong volume confirmation to support upward momentum.
2. Prepare for Pullback:
If price retraces, look for a re-entry around $2.95-$3.00—a critical support zone that could provide a safer long entry.
3. Short Only with Rejection:
If price struggles to sustain above $3.05, watch for signs of a reversal.
Consider shorting with a target of $2.90, but only if the bullish rally fizzles.
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Risk Management:
Stop Loss for Longs: $2.97
Stop Loss for Shorts: $3.07
Keep an eye on volume spikes and resistance zones.$ME
This could be the start of a breakout—or the perfect bull trap. Trade carefully and decisively!