Market Signal: Long Liquidation Activity
MEGA recorded a long liquidation of $2.1555K at $0.04722, highlighting selling pressure around this price. The market now needs to demonstrate whether buyers can defend the nearby support zone. Initial support is around $0.04650, while stronger support may develop near $0.04550. On the upside, $0.04800 is the first resistance to watch. A confirmed breakout above this level could open the way toward $0.04950, with $0.05100 as a further potential target. However, continued selling pressure could delay recovery. Volume and price structure will be important for identifying the next direction.
#Bitcoin midterm election pattern #AMD reports Q3 earnings #US October NFP: Are Rate Cuts Still Possible? #Anthropic IPO Valuation Drops to $1.5 Trillion as Investors Reassess AI Growth
