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:
---
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.
---
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.
---
Risk Management
Keep your position size small due to high volatility. Wait for clear confirmations before entering the trade.
---
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! 🚀
#BitcoinInSwissReserves #BTC94KShowdown #MicroStrategyStockSale #DEXVolumeRecord #BTCMiningPeak