
Publikovat
Hxlaw
$MEGA
The current price of 0.05219 (+11.77% 24h) is increasing sharply, reaching the highest level in 24h of 0.05474. The short-term trend is very bullish with a strong series of green candles, breaking short-term MAs (MA5, MA10) and trading on most of the moving averages.
The upward momentum is supported by increasing volume, indicating that the buying force is dominating. However, the nearest candle has a small doji/red sign, indicating that it is possible to take a temporary profit around the 0.052-0.053 area.
In summary: The upward trend is clear, which can continue to test 0.055 if it stays above 0.051. The short-term risk is a pullback to the 0.049-0.050 area if you lose momentum. Should follow the volume and candle for the next 1 hour.

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