$ME Long Liquidation: $1.0472K at $3.49083
The $ME market just saw a $1.0472K long position liquidated at $3.49083, signaling increased bearish momentum.
Overleveraged bulls are being pushed out as the price slips below critical levels, leaving the market vulnerable to further downside—or primed for a rebound.
Key Details:
Liquidation Size: $1.0472K
Price Level: $3.49083
Market Sentiment: Bearish pressure is intensifying, with longs forced to exit amidst a sharp price drop.
Next Move:
1. Key Support Zone: Watch $3.45 closely. If this level holds, it could trigger a recovery.
If it breaks, expect further declines.
2. Momentum Check: Rising sell volume signals continued downside, while declining volume may indicate seller exhaustion.
3. Trade Setup:
For Bears: Look to scale out near $3.45 or lower support levels. Manage risk with tight stops.
For Bulls: Wait for a confirmed reversal above $3.50 before entering.
A failed break below $3.45 could also be a strong buying opportunity.
The battle between bulls and bears is intensifying—stay alert for the next decisive move in $ME!