🔴 $MEGA SHORT SETUP — RESISTANCE REJECTION PLAY 🔴
$MEGA is approaching a key resistance zone where sellers may look to regain control. The plan is to wait for confirmation rather than chasing price. 📉⚡
📍 Current Price: $0.06588
🎯 Entry Zone: $0.06600 – $0.06750
⚠️ Entry Triggers:
• CHoC + BOS below $0.0650
• OR 2–3 consecutive rejection candles in the $0.0665–$0.0675 resistance zone
• Prefer a 15m bearish rejection candle with strong volume confirmation
📊 Execution Plan:
• 50% position at $0.06600
• 50% position at $0.06400 if price retests support
🛑 Stop Loss: $0.07520
• Above resistance and potential short-squeeze zone
• Total risk remains controlled despite volatility
🎯 Take Profit Targets:
✅ TP1: $0.06000 (-8.9%)
📌 First support level
✅ TP2: $0.05500 (-16.6%)
📌 Major liquidity and volume cluster
✅ TP3: $0.05000 (-24.1%)
📌 Psychological support and liquidation zone
✅ TP4: $0.04730 (-28.1%)
📌 Capitulation target and maximum profit objective
Patience is the edge here. Let the market confirm the rejection before entering. If resistance holds, the downside potential offers an attractive risk-to-reward profile with multiple profit-taking opportunities. 🔥📊
Trade smart, manage risk, and stick to the plan.
#MEGAUSDT #CryptoTrading #ShortSetup #BinanceFutures #RiskManagement
