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LedgerBull

$MEZO showing continued downside pressure with weak recovery attempts.


Structure remains bearish with sellers in control.

EP
0.06550 - 0.06750

TP
TP1
0.06350
TP2
0.06150
TP3
0.05850

SL
0.06950

Recent move cleared liquidity below and price is failing to reclaim prior support. Any bounce into the entry zone looks like a reaction into supply, with structure favoring continuation as long as lower highs persist.

Let’s go $MEZO ‌
MEZO-23,46%
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Mint-ColoredSlippage
· 2h ago
Waiting patiently for the position to be filled, follow the plan, and don't chop back and forth in the oscillation zone.
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Stooges
· 3h ago
Liquidity is too poor.
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GateUser-9076f8b9
· 3h ago
0.0585 looks pretty fierce, but with a trend-following structure, you have to accept fluctuations. Don't get too emotional about your position.
View OriginalReply0
FoldedPrivateKey
· 3h ago
Thank you for sharing. Following the structure is always better than relying on intuition.
View OriginalReply0
RouterWhisperer
· 3h ago
Recently, this weak rebound plus a lower high pattern indeed tends to decline steadily; don't rush to buy the dip.
View OriginalReply0
WhaleTailWitness
· 3h ago
It is very reasonable to have three tiers for TP. I will take some profits at TP1 first, and then track the stop loss for the remaining.
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ContractsMustNotLie.
· 3h ago
I prefer to wait until the signal indicating rejection above 0.067, such as a long upper shadow / engulfing, before adding to the short position.
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MemeSourdough
· 3h ago
If a strong bullish candle in the entry zone pulls back to its previous support, then okay; otherwise, it's just a rebound tempting more buying.
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PaperSculptureOctopusPosition
· 3h ago
The liquidity flow below hasn't recovered yet, it's normal to be somewhat weak.
View OriginalReply0
GateUser-c4e25c95
· 3h ago
SL 0.0695 Not bad, as long as the structure isn't broken, keep watching; if it breaks, admit defeat and walk away.
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