$ME Long Liquidation Alert: A Big Move is Coming!

The market just witnessed a long liquidation of $7,805.20 at a price of $3.52125 for $ME. This means leveraged traders betting on the price going up were forced to exit, which often creates volatility and hints at market weakness.

Let’s dive into what’s happening and how to position yourself for the next big move

Market Analysis

1. Current Situation:

The liquidation at $3.521 signals potential downward pressure.

This level could act as a pivot point—either leading to a reversal or a further drop.

2. Key Levels to Watch:

Support Zone (Buy Area): $3.30 - $3.45

Resistance Zone: $3.60 - $3.75

Trade Setup

1. Buy Zone: Accumulate in the range of $3.35 - $3.45 if the price stabilizes or shows bullish signals.

2. Targets:

Target 1: $3.60

Target 2: $3.75 (if momentum strengthens)

3. Stop Loss: Place a stop loss below $3.30 to protect your capital.

Additional Tips

Keep an eye on volume and momentum indicators (e.g., RSI) to confirm a possible reversal.

If the price breaks below $3.30, avoid entering the market as it could signal a deeper bearish trend.

Watch for broader market trends and news that could influence $ME's price.

Prepare for quick moves, and always manage your risk! A well-planned trade can turn volatility into opportunity. Stay sharp!

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