$MEGA Bearish Breakdown 🚨
MEGA is dumping hard with a -5.44% drop, breaking below key support and printing a fresh low at 0.08734. The asset is currently hovering at 0.08746 with no signs of recovery.
🔻 Market Bias: SHORT
🔹 Entry Zone: 0.08740 – 0.08780
🔹 Stop Loss: 0.08950
🎯 Profit Targets:
• TP1: 0.08600
• TP2: 0.08500
• TP3: 0.08350
Leverage: 10x – 15x
Technical Outlook:
· RSI(6) at 21.90 – Extremely oversold, but in a strong downtrend, this signals intense selling pressure rather than a bounce.
· MACD: Bearish crossover confirmed with red histogram expanding aggressively.
· Volume: Massive selling volume on the breakdown candles, confirming panic selling.
· Structure: Failure to hold 0.09000 followed by a cascade of red candles.
Momentum is heavily bearish. If price breaks below 0.08700, acceleration toward 0.08500 and deeper liquidity zones is likely. Do not try to catch this falling knife. 📉
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