$MEGA holds $0.0500, or this bullish read is wrong.
It’s at $0.0503, up 4.99% today, with $1.82M traded. The 4h move is +5.1% and price is sitting above both the 20d and 50d MAs. Good structure.
But volume is only 0.4x the 20d average, and longs are already paying 0.005% funding. That’s the problem.
My call: MEGA closes above $0.0500 this week and tests the 30d high. If it loses $0.0500, I’m out of the bullish thesis. $BNB doesn’t need to lead this one. 👀
What am I missing on MEGA? 🔥
#MEGA #CryptoNews #Trading
It’s at $0.0503, up 4.99% today, with $1.82M traded. The 4h move is +5.1% and price is sitting above both the 20d and 50d MAs. Good structure.
But volume is only 0.4x the 20d average, and longs are already paying 0.005% funding. That’s the problem.
My call: MEGA closes above $0.0500 this week and tests the 30d high. If it loses $0.0500, I’m out of the bullish thesis. $BNB doesn’t need to lead this one. 👀
What am I missing on MEGA? 🔥
#MEGA #CryptoNews #Trading