Bearish Outlook on MEWUSDT as Price Nears Resistance and Signals Confirm Reversal

A short position is proposed on #MEWUSDT at $0.004646 with a stop loss set at $0.005148. The 2-hour timeframe indicates that the price has reached the upper boundary of its structure, showing divergence from the 2H order block and fair value gap (FVG). On lower timeframes, a series of Change of Character (CHoCH) and Break of Structure (BOS) signals confirm a local reversal impulse. Volume analysis suggests decreasing buying pressure, and rejection from the supply zone indicates active sellers. Additionally, retesting broken trendline support further increases the likelihood of a pullback. The downside potential is supported by existing FVG and order block levels below. Profit targets are set at: - TP1: 0.004390 USDT — closes the local FVG - TP2: 0.003900 USDT — near the 2H order block and liquidity zones - TP3: 0.003242 USDT — at a strong demand zone and impulsive low point.