📉 VERTICAL STALL! Idol ($IDOL ) Rejects $0.022 Resistance After 11% Surge: Short Setup! [SHORT]
⚡ TRADE EXECUTION (IDOL/USDT Perpetual)
📉 ENTRY ZONE: $0.02130 – $0.02210
🛑 STOP LOSS (SL): $0.02285 (Above the 7-day high and liquidity ceiling)
🎯 TARGET 1: $0.01940
💰 TARGET 2: $0.01740 (Major structural support base)
🔥 WHY WE ARE SHORTING IDOL
MEET48 (IDOL) has reached a significant technical exhaustion point on the 1-hour timeframe as of February 19, 2026. After a sharp vertical recovery, the price action is signaling a potential "blow-off top" at a major supply ceiling:
Parabolic Resistance Rejection: The price staged a rapid +11.25% surge in the last 24 hours, hitting a 7-day high of $0.02242 before facing a sharp rejection. It is currently struggling to maintain momentum above the $0.021 pivot, forming a bearish distribution range at the top.
MACD Bearish Crossover: On the 1-hour chart, the MACD has generated a bearish crossover, creating a clear divergence with the recent price action. This indicates that the short-term buying momentum has cooled down significantly, leaving the asset vulnerable to a "long-squeeze" correction.
Volume Exhaustion Signal: While the 24-hour trading volume reached $10.41M, recent activity has shown a -4.10% decrease, signaling a fall in market participation at these elevated levels. Rising prices on thinning volume is a classic exhaustion signal.
Extreme Market Fear: Broad crypto market sentiment remains pinned in "Extreme Fear" (Index Score: 8–12). In this high-risk climate, independent altcoin pumps are frequently used by large holders as "exit liquidity," often resulting in rapid mean-reversion crashes back to the $0.017 consolidation floor.
