$MEGA
Market Overview
$MEGA just shook the chart with a sharp sell-off followed by a steady recovery. After printing a deep wick near the lower zone, price has reclaimed short-term structure and is now trading back above a key intraday range. This kind of recovery often signals that weak hands are flushed and smart money is testing upside momentum.
Key Support & Resistance
Primary support is holding around 0.128 – 0.130, a zone where buyers stepped in aggressively before. Below that, the last line of defense sits near 0.120. On the upside, immediate resistance is around 0.146 – 0.148, which aligns with the recent rejection area. A clean break above this opens the door toward 0.158 – 0.165.
Trade Targets
Bullish continuation can be expected if price holds above the 0.135 area. Conservative upside targets sit near 0.148 first, then 0.158, with an extended push toward 0.165 if momentum accelerates. If price loses 0.128, expect a pullback toward 0.120 before any fresh attempt higher.
Pro Tips
Avoid chasing green candles after sudden spikes; wait for pullbacks into support for better risk-to-reward. Watch volume closely — expansion on breakouts and contraction on pullbacks is a healthy sign. Keep stops tight below invalidation zones, as $MEGA is showing high volatility and fast rotations.
Overall Bias
As long as stays above its reclaimed support zone, the structure favors cautious upside with sharp intraday moves. Patience and disciplined entries will outperform emotional trades in this setup.
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