$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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