Breaking: $ME Bears Fall – $1.3876K Liquidated at $3.187
A major liquidation event just rocked the $ME market, with $1.3876K in shorts wiped out at the critical price of $3.187.
This signals a surge in bullish momentum as sellers lose their grip.
The market is now at a tipping point, with potential for explosive moves ahead.
Key Details:
Liquidation Volume: $1.3876K
Liquidation Trigger Price: $3.187
Market Sentiment: Bulls gaining control, with increased volatility likely.
Suggested Next Move:
1. For Long Positions:
Consider entering around $3.20 if the price holds above $3.187.
Target: $3.40-$3.50 for short-term profits.
Stop Loss: $3.10 to protect against unexpected retracements.
2. For Short Positions:
Wait for rejection at $3.30-$3.40 resistance levels before entering.
Target: $3.00 for potential downside gains.
Stop Loss: Above $3.42 to avoid being caught in a breakout rally.
3. Critical Levels to Watch:
A close above $3.25 could signal a strong bullish breakout.
If the price falls below $3.15, expect further downside pressure.
The battle for $ME is heating up. Be prepared for high volatility, and stay sharp in this intense market environment!