$MEGA /USDT SHORT TRADE SETUP
$MEGA is currently trading at 0.1315, showing significant weakness after a sharp rejection from the 0.1365 local peak. The 15m chart indicates a lack of buying interest as it nears its immediate support level of 0.1260, with the broader market currently in a state of "Extreme Fear". Recent market sentiment across technical indicators remains firmly bearish, with MACD showing a bearish divergence and the overall crypto market facing heavy selling pressure ahead of the MegaETH mainnet launch on February 9.
Target Points
TP1: 0.1260
TP2: 0.1200
TP3: 0.1145
Stop Loss
Set stop loss above 0.1385 to manage risk against a potential relief bounce or sudden "mainnet hype" volatility.
Buy and Trade here on $MEGA
MEGAUSDT
Perp
0.13106
+3.72%