$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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