$MEGA | Rejection at Every Bounce, Sellers in Control
Price is experiencing consistent rejection on every bounce attempt, indicating a clear lack of buyer conviction. Trading below downward-sloping moving averages with no recovery signs suggests further downside is likely, with a break below 0.117 looking probable.
Entry Zone (Short): 0.1210 – 0.1235
Stop Loss: 0.1320 (above resistance)
Take Profit Targets: 0.1150 / 0.1100 / 0.1020
Key Levels:
· Resistance / Entry Zone: 0.1210 – 0.1235
· Support Targets: 0.1150, 0.1100, 0.1020
· Breakdown Level: Below 0.1170
· Invalidation: Sustained move above 0.1320
Strategy: Consider short positions on a rejection within the defined zone, confirming sellers remain dominant. The setup anticipates a continuation toward lower support levels.
#MEGA Trade $MEGA Here 👇
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