$MEGA
A long liquidation has just been triggered on $MEGA , with $1.0218K market sold at $0.06121, signaling a downside liquidity sweep as overleveraged long positions are forced out. This reflects short-term selling pressure and a reset in leveraged positioning.
Support Zone: $0.0604 – $0.0609
This is the immediate demand area where buyers may attempt to absorb liquidation pressure and stabilize price.
Deeper Support: $0.0590 – $0.0598
If bearish momentum continues, this becomes the key accumulation zone where stronger rebound reactions may develop.
Resistance Levels: $0.0620 – $0.0626
Immediate overhead supply where trapped longs may exit on recovery attempts. A break above $0.0635 would signal renewed bullish continuation.
Next Targets:
TP1: $0.0620
TP2: $0.0626
TP3: $0.0635
Market structure is temporarily under pressure following this liquidation event, with mega now in a reactive zone where the next move depends on whether buyers can defend support and absorb forced selling.
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