Market Update: $MEGA USDT Post-Launch Distribution
I've been tracking the MEGA listing closely since yesterday, and the technical structure has turned decisively Bearish for the short term. After that massive 1000%+ surge, we’re seeing a textbook distribution phase where the price is struggling to reclaim even the 15-minute moving averages. The candles are getting tighter near the 0.1500 support, and the lack of a strong buyback at these levels indicates that the momentum has shifted toward the sellers. I’m looking for a flush of the current support before we find a real accumulation zone.
Trading Signal: SHORT
Entry Zone: 0.1510 – 0.1530
Take Profit: 0.1420 / 0.1350
Stop Loss: 0.1600