Massive $ME Long Liquidation Spotted! 💥

A $9.664K long liquidation at $2.97885 has just been triggered! The market is heating up, and traders are eagerly watching for the next move. Here's a detailed analysis to help you navigate this intense moment:

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Market Analysis

The liquidation indicates strong selling pressure near $2.98.

If the price drops below $2.90, we might see more bearish momentum.

A rebound above $3.00 could trigger aggressive buying.

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Suggested Trading Plan

🔵 Buy Zone:

Entry 1: $2.90 (if the price stabilizes here).

Entry 2: $2.75 (if there’s a deeper dip).

🎯 Targets:

Target 1: $3.10 (short-term bounce).

Target 2: $3.25 (breakout rally).

Target 3: $3.50 (if momentum strengthens).

🔴 Stop Loss:

Place your stop loss at $2.70 to protect against further drops.

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Risk Management

Keep your position size small due to high volatility. Wait for clear confirmations before entering the trade.

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What’s Next?

Watch the $2.90 level closely. It’s a critical support zone.

If buyers defend this level, we could see a sharp recovery.

However, a breakdown might lead to a deeper correction.

Stay cautious and trade wisely! 🚀

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