$ME Short Liquidation: $8.8659K at $3.72
Key Hints:
Liquidation Value: $8,865.9 wiped out as price surged to $3.72, triggering a short squeeze.
Bullish Surge: Strong upward movement catching bears off guard.
Support Level: $3.72 may now provide a solid foundation for further price action.
Next Resistance: Watch for potential breakout near $3.80-$4.00.
Market Sentiment: Heightened volatility and bullish sentiment indicating more upside potential.
Next Move: Bulls are likely to push for new highs if momentum sustains, while shorts face risks of further squeezes.
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