$ME Long Liquidation: $9.9383K at $3.34329

A massive $9.93K long liquidation shows heavy selling pressure, with bulls forced out. The market is testing key levels—will bears push further, or can bulls stage a recovery?

Key Levels:

Buy Zone: $3.3000–$3.3500 (Wait for stability near support).

Resistance: $3.4000–$3.4500 (Breakout here could shift momentum).

Stop-Loss: $3.2800 (Protect against further downside).

Targets:

Target 1: $3.4000

Target 2: $3.5000

Next Move:

For Bulls: Look to buy near $3.3300 if price stabilizes. Wait for confirmation of reversal before targeting $3.4000+.

For Bears: If price struggles at $3.4000, short positions targeting $3.3000 could be effective.

For Scalpers: Trade between $3.3300–$3.4000 for quick profits.

Pro Tip:

Monitor volume—strong buying could signal a reversal, while weak interest may lead to continued selling. Stay disciplined and trade smart.

$ME is at a turning point—react with strategy, not emotion!

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