Market Crash Storm Hits! ME Short Sellers Earn Big, Show Off Profits and Enjoy the Gains!
The ME market has recently shown significant downward pressure, and the trend of short-term adjustment has become increasingly clear. From a technical perspective, the MACD has formed a death cross, with short-selling power gradually gaining dominance, and market sentiment has also become more cautious. The upper Bollinger Band has repeatedly failed to break through, further confirming the strong upward resistance. Meanwhile, on-chain data shows that selling volume remains high, and the continued selling behavior indicates that the market may continue to experience fluctuations and adjustments in the short term.
In this environment, it is essential to closely monitor whether prices can stabilize within the support range and whether there is sufficient trading volume in the market to alleviate downward pressure. Overall, the downward trend of ME is quite evident, and selling pressure has significantly restrained prices.
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