$ME Long Liquidation: $2.6252K Crushed at $3.48493!
The market has turned vicious, and #ME bulls just got hammered! A hefty $2.6252K in long positions were liquidated at $3.48493, sending shockwaves through the trading floor. The battlefield is set—will the bulls regroup, or are the bears taking full control?
Key Breakdown:
$3.48493 is now the critical pivot. A failure to reclaim this level might open the gates for a deeper plunge.
Bearish Momentum is gaining speed, with long liquidations adding fuel to the fire.
⚡ Market Sentiment:
Volume Spike: Massive sell pressure triggered a cascade effect, signaling panic among bulls.
Sentiment is shaky, with traders eyeing key support zones for a potential reversal.
📊 Trading Strategy:
Downside Risk: If $3.48 fails to hold, a slide toward $3.40 could be on the cards.
Rebound Potential: A reclaim of $3.50 could spark a relief rally to $3.60 or higher.
Risk Management: Protect your capital—set stops below $3.45 to avoid being caught in further downturns.
The Bigger Picture:
Every selloff has two sides: pain for the weak, and opportunity for the bold. #ME is in the heat of the action, and volatility is offering high-risk, high-reward setups.
Will you seize the moment, or stand on the sidelines? Your next move could define the game!