🚨 $ME Short Liquidation: $5.05K Wiped Out at $4.32! 🚨
The bears just got crushed as $ME surged to $4.32, liquidating short positions worth $5,054.80! Is this the start of a bullish rally or just a temporary squeeze? Let’s break it all down so you can prepare your next move!
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What’s Next for $ME?
1. Buy Zone (Catch the Wave):
Watch for a pullback to $4.20 - $4.28 for a potential entry point.
2. Target Levels (Plan Your Exits):
Short-Term Target: $4.50
Mid-Term Target: $4.75
Long-Term Target: $5.00
3. Stop Loss (Protect Your Position):
Set your stop loss below $4.15 to minimize downside risk.
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Why $ME Could Go Higher
Short Liquidation Pressure: Liquidations like these often signal the start of bullish momentum as bears get squeezed.
Volume Surge: High trading volume near $4.32 suggests strong buying interest, indicating a possible continuation upward.
Psychological Barrier: If ME breaks and holds above $4.40, the next major resistance is at $4.75.
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Pro Tips for ME Traders
Wait for Retests: Don’t chase the rally. Look for confirmation in the buy zone before entering.
Follow the Volume: Increased volume near key levels shows where the market wants to go.
Stick to Your Plan: Set your targets and stop losses. Avoid emotional decisions.
💡 Are you ready to trade $ME? Will you buy the dip or wait for a breakout? Trade smart, stay disciplined, and let the charts guide you!
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