📊 $MEGA /USDT — $0.04506 (+4.64%)
⏱️ 4H Chart
🏗️ Sector: Infrastructure
📉 Trend: Downtrend
📈 Volume: 50.71M
⚠️ MEGA/USDT — Bearish Continuation Watch
MEGA has been in a strong downtrend since reaching highs near $0.096, losing more than 50% from its peak.
🔻 All major moving averages remain bearishly aligned:
• Price is below MA25 ($0.049)
• Price is below MA99 ($0.063)
Today's +4.64% bounce appears corrective rather than the start of a trend reversal. Volume remains relatively weak at 2.25M USDT, suggesting buyers have yet to take control.
💡 Dead-cat bounces are common during strong downtrends. Consider waiting for confirmation before entering long positions. Risk management remains essential.
🎯 Targets
• TP1: $0.0480 (+6.5%)
• TP2: $0.0520 (+15.4%)
• TP3: $0.0580 (+28.7%)
🛑 Stop Loss
• SL1: $0.0430 (-4.6%)
• SL2 (Hard Stop): $0.0400 (-11.2%)
#MEGA #MEGAUSDT #Crypto #Binance #Altcoins
⚠️ Not financial advice. Always DYOR. Crypto trading involves substantial risk of loss.