$ME Short Liquidation: $61.7K at $4.385

1. Strong Bullish Breakout: ME experienced a significant $61.7K short liquidation at the $4.385 level, signaling a powerful bullish move as the market overwhelmed bearish positions.

2. Short Squeeze in Play: The liquidation points to a classic short squeeze, where leveraged short-sellers were forced to exit, amplifying buying pressure and driving ME’s price higher.

3. Breakthrough at Key Resistance: The $4.385 price level acted as a critical resistance zone, which has now been broken. This breakout suggests that the market is leaning heavily in favor of the bulls and could lead to further upside potential.

4. Risk of Overleveraging: This liquidation emphasizes the risks of shorting into a rising market, especially with leverage. Traders should stay cautious and adjust their positions based on the prevailing market momentum.

5. What’s Next for ME: If ME sustains above $4.385, we could see the price target higher levels in the near term. However, traders should stay alert for any pullbacks or periods of consolidation before the next potential move.

#BinanceLaunchpoolVANA #BinanceListsVelodrome #BitcoinKeyZone #SuiHitsNewATH

Align with the trend, manage risk, and adapt strategies to make the most of the current market momentum.