$MEGA (MEGAUSDT)

Trade Direction: Short

Entry Zone: 0.1215 – 0.1240

Stop Loss (SL): 0.1285

Take Profit 1 (TP1): 0.1180

Take Profit 2 (TP2): 0.1145

Take Profit 3 (TP3): 0.1100

Technical Analysis:

MEGA is in a clear short-term downtrend, printing consistent lower highs and lower lows on the intraday structure. The recent bounce was strongly rejected near prior resistance, confirming sellers are defending aggressively. Price is trading below key moving averages (20 & 50 EMA), and every attempt to reclaim them has failed — classic bearish market behavior.

Seller strength is dominant, with weak bullish candles and long upper wicks showing distribution on every push up. The 0.124–0.126 zone has flipped into resistance, while 0.118 and 0.114 stand as the next liquidity pockets below. Momentum remains bearish, favoring continuation to the downside unless structure is invalidated above the SL.

This is a sell-the-rallies setup with high probability follow-through.

Trade $MEGA here 👇