$MEGA just saw a long liquidation at 0.05338, a sign that late buyers were forced out as price lost support. The reaction around 0.05320–0.05350 shows sellers stepping in aggressively and keeping the market under pressure.
On the 15m timeframe, price is trading below recent support with lower highs continuing to form. Recovery attempts are being sold into, while liquidity absorption on the bid side remains limited. Unless buyers reclaim the lost level, the short-term structure favors further downside.
Entry Point
0.05310 - 0.05350
Target Point
TP1: 0.05180
TP2: 0.05050
TP3: 0.04900
Stop Loss
0.05460
This setup can work if MEGA remains below the recent breakdown zone. The long liquidation has cleared excess bullish positioning, volume favors sellers, and the current candle structure shows weak demand on rebounds. Continued rejection near resistance could drive price toward lower support levels.
$MEGA
On the 15m timeframe, price is trading below recent support with lower highs continuing to form. Recovery attempts are being sold into, while liquidity absorption on the bid side remains limited. Unless buyers reclaim the lost level, the short-term structure favors further downside.
Entry Point
0.05310 - 0.05350
Target Point
TP1: 0.05180
TP2: 0.05050
TP3: 0.04900
Stop Loss
0.05460
This setup can work if MEGA remains below the recent breakdown zone. The long liquidation has cleared excess bullish positioning, volume favors sellers, and the current candle structure shows weak demand on rebounds. Continued rejection near resistance could drive price toward lower support levels.
$MEGA