$ME Long Liquidation Alert!
A $6.3935K long position was liquidated at $3.31476, showing buyers losing strength under selling pressure. Here's what it means and what could happen next:
What’s Happening?
Long Liquidation: Buyers were forced out as price failed to hold support.
Bearish Sentiment: Sellers are currently in control, creating short-term downside risk.
Key Levels to Watch
Support: $3.20 – A key level where buyers may attempt to hold ground.
Resistance: $3.40 – Bulls need to reclaim this for recovery.
What’s Next?
For Long-Term Holders: Wait for a bounce or price stability above support.
For Traders:
Look for buying signals near $3.20 for a possible rebound.
Use stop-losses to manage risks if price weakens further.
Market Context
If selling pressure persists, the price could retest lower support zones. Keep an eye on overall market trends and volume for signs of reversal.
#ME needs buyers to step in fast—watch key levels closely!