$ME Short Liquidation Alert!

A $8,999.4 short position was liquidated at $2.73953.

What Happened?

1. Market Impact:

Short liquidation fueled buying pressure, driving the price upward.

Bulls are gaining momentum, challenging resistance levels.

2. What’s Next?

Potential Breakout: If buying continues, the price could surge higher.

Pullback Risk: Minor corrections may occur before further gains.

What Should You Do?

For Traders: Look for bullish confirmations before entering new trades.

For Investors: Monitor if this signals a sustained uptrend or temporary spike.

Quick Tip:

Track trading volume—it often hints at whether a rally has strength or not.

Need help identifying support/resistance zones? Let me know!

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