$MEGA STRUCTURE BREAKDOWN INDICATES FURTHER DOWNSIDE MOMENTUM ๐
Entry: 0.05400 - 0.05600 ๐ฅ
Target: 0.04634 - 0.04447 - 0.04264 ๐
Stop Loss: 0.05600 โ ๏ธ
The price action for $MEGA has confirmed a structural breakdown on the 4H timeframe. With the MACD showing a clear bearish divergence and consistent sell-side pressure, the current setup favors a continuation of the downtrend toward the identified liquidity targets.
A 4H candle close above 0.05600 would invalidate this bearish thesis by reclaiming the previous support level. Given the current velocity of the move, are you looking to hedge your spot positions or capitalize on the breakdown?
Not financial advice. Always manage your risk.
#MEGA #ShortSetup #TechnicalAnalysis #MarketStructure
๐ฏ
Entry: 0.05400 - 0.05600 ๐ฅ
Target: 0.04634 - 0.04447 - 0.04264 ๐
Stop Loss: 0.05600 โ ๏ธ
The price action for $MEGA has confirmed a structural breakdown on the 4H timeframe. With the MACD showing a clear bearish divergence and consistent sell-side pressure, the current setup favors a continuation of the downtrend toward the identified liquidity targets.
A 4H candle close above 0.05600 would invalidate this bearish thesis by reclaiming the previous support level. Given the current velocity of the move, are you looking to hedge your spot positions or capitalize on the breakdown?
Not financial advice. Always manage your risk.
#MEGA #ShortSetup #TechnicalAnalysis #MarketStructure
๐ฏ