$MEGA /USDT (1H) – Short Trade Setup
Bias: Bearish
Entry Zone: 0.05590 – 0.05620
Stop Loss: 0.05785
Take Profit 1: 0.05490
Take Profit 2: 0.05420
Take Profit 3: 0.05320
Trade Logic
Price was rejected from the 0.05770–0.05850 resistance area.
Consecutive bearish candles suggest sellers are gaining control.
RSI is below 50 and trending down, supporting bearish momentum.
A breakdown below the current support area could accelerate the move toward lower targets.
Invalidation
If a 1-hour candle closes above 0.05785, the short setup becomes invalid and the market could move back toward 0.05850+.
Risk-to-Reward
TP1: ~1:1.5
TP2: ~1:2.8
TP3: ~1:4+
Best execution: Wait for a small pullback into the entry zone rather than shorting after a large red candle. This improves risk-to-reward and reduces the chance of getting trapped in a bounce.
Bias: Bearish
Entry Zone: 0.05590 – 0.05620
Stop Loss: 0.05785
Take Profit 1: 0.05490
Take Profit 2: 0.05420
Take Profit 3: 0.05320
Trade Logic
Price was rejected from the 0.05770–0.05850 resistance area.
Consecutive bearish candles suggest sellers are gaining control.
RSI is below 50 and trending down, supporting bearish momentum.
A breakdown below the current support area could accelerate the move toward lower targets.
Invalidation
If a 1-hour candle closes above 0.05785, the short setup becomes invalid and the market could move back toward 0.05850+.
Risk-to-Reward
TP1: ~1:1.5
TP2: ~1:2.8
TP3: ~1:4+
Best execution: Wait for a small pullback into the entry zone rather than shorting after a large red candle. This improves risk-to-reward and reduces the chance of getting trapped in a bounce.