Thrilling Update on $ME

Short Liquidations Spotted.

An $8.618K short liquidation just occurred at the price of $3.119. This indicates that bearish traders were forced to close their positions as the price surged, creating a spike in market activity.

What Does This Mean.

1. Short Liquidation Explained:

Short sellers bet on the price going down. When it rises sharply instead, their positions are automatically closed to prevent further losses, resulting in liquidations.

2. $ME's Momentum:

The price reaching $3.14148 suggests bullish strength.

Liquidations add to buying pressure, fueling further upward movement.

Market Insight & Strategy.

Buy Zone: Monitor for pullbacks around $3.10–$3.20.

Targets: $3.30, $3.50, and potentially $3.75 if momentum continues.

Stop-Loss: Below $3.00 to manage risks.

Thrill in Trading:

Liquidations often spark volatility. Stay vigilant as the market may experience sudden swings. This is where opportunities lie for sharp traders.

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