What's the likelihood that $MEGA is on the cusp of a significant uptrend, given the current market conditions?
$MEGA - LONG🟢
Entry: 0.06626
SL: 0.06442
TP1: 0.06718
TP2: 0.0681
TP3: 0.06902
The RSI reading of 66.8 suggests we're approaching overbought territory, but I believe this is a case of RSI exhaustion rather than divergence, indicating a strong momentum in $MEGA . With an 80% confidence level, I'm biased towards a higher timeframe uptrend, as the EMA20 and EMA50 are in alignment.
As the price action unfolds, will it break through the next resistance level, leaving the bears in the dust?
Click here to Trade 👇
$MEGA - LONG🟢
Entry: 0.06626
SL: 0.06442
TP1: 0.06718
TP2: 0.0681
TP3: 0.06902
The RSI reading of 66.8 suggests we're approaching overbought territory, but I believe this is a case of RSI exhaustion rather than divergence, indicating a strong momentum in $MEGA . With an 80% confidence level, I'm biased towards a higher timeframe uptrend, as the EMA20 and EMA50 are in alignment.
As the price action unfolds, will it break through the next resistance level, leaving the bears in the dust?
Click here to Trade 👇