【$MEGA Signal】Pullback to add more, wait for a second entry point

$MEGA After a sharp rise on the 1H timeframe, the price consolidates near the Bollinger upper band at 0.2150, but the 4H MACD histogram is still expanding. Market depth is imbalanced at -0.48%, with slightly thinner buy orders. The MACD fast and slow lines on the 1H are narrowing, indicating decreasing momentum. Entering long at this position with a risk-reward ratio is not worthwhile; wait for a proper pullback.

🎯Direction: Pullback to go long

⚡Entry/Order placement: 0.18357 - 0.20556 range, wait for a dip

🛑Stop loss: 0.16636

🚀Target 1: 0.21797

🚀Target 2: 0.23517

🛡️Trade management:
- Execution strategy: After reaching Target 1, reduce position by 50%, and move the stop loss to break-even. If the price falls back into the entry zone, exit automatically to protect capital.

The 4H timeframe has just confirmed a breakout above the middle Bollinger band, with EMA20 and EMA50 forming a bullish crossover for support. The RSI on the 1H has pulled back from overbought levels to a neutral zone, gathering strength for another move upward. The funding rate at 0.5% is not extreme, and open interest remains stable, showing no signs of large-scale profit-taking. Key levels to watch are 0.1983 (1H EMA20) and 0.1878 (1H EMA50); these are ideal second entry points.

Check real-time market 👇 $MEGA
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