$MEGA /USDT – BULLISH RECOVERY IN PROGRESS, PRICE TESTING MAJOR 0.0467 RESISTANCE 🚀
$MEGA is currently trading around 0.04494 after recovering from the 0.04207 low and showing steady bullish momentum. Price is now approaching the key resistance zone at 0.0461–0.0467, which previously acted as a strong supply area. The structure indicates a short-term bullish recovery phase with potential for continuation if resistance breaks.
Immediate price action suggests compression under resistance, meaning the market is preparing for a decisive move. A breakout above 0.04672 could trigger a strong upside leg, while rejection may lead to a pullback toward support before another attempt.
Trade Setup (LONG – BREAKOUT PLAN):
Entry Zone: 0.04680 – 0.04720 (on breakout confirmation)
Stop Loss (SL): 0.04390
Take Profit (TP):
TP1: 0.04850
TP2: 0.05000
TP3: 0.05250
Trade Setup (BUY DIP):
Entry Zone: 0.04380 – 0.04450
Stop Loss (SL): 0.04200
Take Profit (TP):
TP1: 0.04610
TP2: 0.04670
TP3: 0.05000
Market Outlook:
Overall structure is cautiously bullish as price continues forming higher lows. However, resistance at 0.0467 is the key decision zone for the next directional move. Breakout confirmation is required for strong continuation.
Summary:
Bullish bias remains intact, but breakout confirmation is essential for momentum expansion.
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