【$MEGA Signal】Bullish | Healthy Consolidation After Breakout



$MEGA After a volume breakout, the price enters a narrow consolidation, remaining above the breakout zone. This is a healthy reset rather than a top.

🎯 Direction: Long

🎯 Entry: 0.1320 - 0.1330

🛑 Stop Loss: 0.1280 ( Rigid Stop Loss )

🚀 Target 1: 0.1400

🚀 Target 2: 0.1450

Logical core: Three consecutive bullish candles on the 4H chart accompanied by increased volume confirm the breakout is valid. Subsequently, the candlestick enters a high-level narrow range, but the price has not broken below the previous high support at 0.1322. Key data: Open Interest remains stable, indicating no short squeeze; although Taker Volume shows active selling, the price refuses to dip sharply, indicating strong absorption of buy orders at the critical level (0.1322-0.1323). Funding rates are slightly positive, showing no signs of overheating. Market psychology suggests that profit-taking after the breakout is being steadily absorbed, paving the way for the next upward move. As long as support at 0.1280 holds, the structure remains intact.

Trade here 👇 $MEGA

---

Follow me: Get more real-time analysis and insights on the crypto market!
BTC-2,97%
ETH-1,36%
SOL-1,91%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)