Major $ME Short Liquidation Alert!
Liquidation Value: $6,382.3
Liquidation Price: $4.29552
A significant short position on ME has been liquidated, hinting at growing buying momentum. This activity often sets the stage for sharp price movements, especially when traders rush to adjust their positions.
What’s the Next Step for ME?
With liquidity shifting, ME could test higher resistance levels. However, caution is advised as volatility increases.
Key Zones to Watch:
Resistance: $4.40 (breakout zone)
Support: $4.20 (possible retest level)
If $ME maintains pressure above $4.30, it could challenge $4.40 resistance. A failure to sustain above $4.30 may see a consolidation or a dip back to $4.20.
Stay patient and use stop-losses to manage risk.
Keep monitoring for breakout confirmations!
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