$ME Liquidation Alert.
A whopping $1,487.1 worth of long positions got liquidated at a crucial price of $3.328.
What Happened.
Long traders were betting on a price increase, but the market took a sharp turn, triggering liquidations. This marks a critical point for $ME , possibly indicating a shift in market sentiment or strong resistance at this level.
Key Observations:
Liquidation Value: $1,487.1
Liquidation Price: $3.32619
Market Implication: Such liquidations often suggest increased volatility, potentially leading to further downward pressure or a temporary relief rally as weaker hands exit the market.
What’s next for $ME?
Traders should monitor support levels below $3.32619 and watch for signs of recovery. If buying pressure builds up, $ME could rebound; otherwise, further declines might be on the horizon.
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