$ME Long Liquidation: $26.045K at $3.38005 - What's Next?

$ME just saw an intense long liquidation of $26.04K at $3.38005, signaling a major shake-up in the market.

The failure to sustain the bullish trend at this level triggered a cascade of liquidations, leading to a sharp price drop.

Support & Resistance:

Support: Immediate support lies at $3.00. If this level holds, $ME could attempt a recovery back toward higher levels.

Resistance: Resistance is strong at $3.50–$3.60. A breakout above this range would signal a potential reversal and could lead to a push toward $4.00.

Next Move Prediction: If $3.00 holds as support, ME might consolidate and test resistance at $3.50.

However, if $3.00 fails, expect further downside toward $2.80.

Watch for rapid price action as ME fights for direction!

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