Precise Sniping: ME Plummets!!! Short sellers are reaping profits, this is the operation of the kings.
The selling pressure on the ME chain is intensifying, and short-term adjustments have become the market's main theme! According to on-chain data, selling pressure has significantly increased, and the demand for adjustments in the short term is becoming more apparent. From a technical perspective, the MACD indicator has formed a death cross, indicating that short sellers are gaining control of the situation, and market sentiment is gradually becoming cautious and watchful. In addition, the upper band of the Bollinger Bands has repeatedly become the price's 'ceiling,' and the frequent failures to break through further confirm the reliability of this resistance. Meanwhile, the ongoing on-chain selling volume reflects that the market is still digesting the selling pressure, and the demand for decline is gaining strength, potentially maintaining a pattern of oscillation and adjustment in the short term. Currently, the price trend of ME is still under selling pressure, with a clear downward trend.
How to find a breakthrough in this wave of fluctuations? Follow the Master, and I'll take you on board in advance for the next opportunity!
