$MEGA HAS BROKEN KEY SUPPORT AND IS SHOWING WEAKNESS 📉
Entry: 0.05400 - 0.05600 🔥
Target: 0.04634 - 0.04447 - 0.04264 🚀
Stop Loss: 0.05600 ⚠️
The chart for $MEGA has completely broken its structure and the momentum is clearly to the downside. We are seeing a distinct bearish divergence on the MACD, suggesting that the current sell pressure is likely to continue as buyers fail to step in.
With the price failing to hold the recent support zone, the path of least resistance is looking lower. If you are still holding spot positions, it is time to evaluate your exit strategy before the next leg down. Are you looking to short this breakdown or staying on the sidelines?
Not financial advice. Always manage your risk.
#MEGA #ShortSetup #Bearish #Crypto #Trading
🎯
Entry: 0.05400 - 0.05600 🔥
Target: 0.04634 - 0.04447 - 0.04264 🚀
Stop Loss: 0.05600 ⚠️
The chart for $MEGA has completely broken its structure and the momentum is clearly to the downside. We are seeing a distinct bearish divergence on the MACD, suggesting that the current sell pressure is likely to continue as buyers fail to step in.
With the price failing to hold the recent support zone, the path of least resistance is looking lower. If you are still holding spot positions, it is time to evaluate your exit strategy before the next leg down. Are you looking to short this breakdown or staying on the sidelines?
Not financial advice. Always manage your risk.
#MEGA #ShortSetup #Bearish #Crypto #Trading
🎯