Technical analysis by iMoneyTeam about Symbol MEW: Sell recommendation (4/18/2025)

We have a supply zone from which a strong drop has previously formed. This zone has been tested once already, but with only minimal penetration. Given this shallow penetration and the price’s inability to make a lower low, we are once again expecting a potential short position from this zone.We’re looking for a short position because the larger market structure is bearish.If the price reaches the supply area, we’ll be looking to enter a position. We expect the liquidity pool below the chart to be swept, leading price to hit our targets.However, if a daily candle closes above the invalidation level, this outlook will no longer be valid.Do not enter the position without capital management and stop settingComment if you have any questionsthank you