$ME Here's a post with a thrilling tone, as well as the trading details for $ME.
Short Liquidation Alert: $3.9846K at $3.60273.
The market has just seen a massive short liquidation event on $ME, with over $3.9846K in shorts being liquidated at a price of $3.60273. This means the market could be setting up for a big move, and we don't want to miss it.
What’s Next.
After this short squeeze, we might see a continuation to the upside, as shorts are forced to buy back their positions, adding fuel to the rally.
Buy Zone: Look for a price near $3.60 - $3.70 to enter a long position. This is where we expect some support after the liquidation and price retracement.
Target: We could aim for a target range between $4.00 - $4.30, as the buying momentum builds after the squeeze.
Stop Loss: To protect your position, set your stop-loss around $3.40 - $3.50. This will help you manage risk in case the price falls below the support zone.
Key Points to Watch.
Watch for volume spikes and price action around the buy zone. If volume increases with price moving up, it's a good sign.
Pay attention to market sentiment and news to gauge if there's any major shift.
Timing is Key: Don’t rush.
Wait for confirmation before entering your trade. Be patient and trade smart.
This content is designed to be organic, informative, and easy to understand, so you can make better trading decisions.
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