MEGA/USDT tests MA60 support at 0.11620 amidst a -3.67% decline; volume stable
Signal: Neutral at support (watch for breakout or Kim反弹)
Entry area (Buy): 0.11550 - 0.11600 (if MA60 holds and Kim反弹 occurs)
Entry area (Sell): 0.11500 - 0.11540 (upon breaching below MA60)
Stop Loss (SL): 0.11400 (for buying) | 0.11670 (for selling)
Take Profit (TP) targets:
For buying: TP1: 0.11750, TP2: 0.11850
For selling: TP1: 0.11400, TP2: 0.11300
Analysis:
The current price (0.11650) tests the MA60 support level (0.11620) after a -3.67% downward movement.
Trading volume (28,067) aligns with recent averages, indicating no panic selling or strong buying—pointing to a balanced battle at this critical level.
The price is curling near a key moving average; the close of the next candle relative to 0.11620 is likely to determine the short-term trend.
