🚨 HEAVY REJECTION AT $34 SENDS $MVLLB INTO A BEARISH BREAKDOWN SETUP! 🔻
Entry: 30.10 - 30.60 ⚡
Target: 29.40 / 28.80 / 28.20 🎯
Stop Loss: 31.40 ⚠️
After an aggressive vertical push toward the $34 psychological ceiling, $MVLLB hit a massive wall of seller supply. Sellers aggressively capped the rally, carving out a clean sequence of lower highs around the $30 to $31 supply zone. 📉
Order flow reveals momentum is rapidly shifting toward the downside as buyers fail to defend key intraday levels. A sustained break below the critical $30 handle opens the trapdoors for a swift slide toward deeper support pockets down to $28.20. 📊
With structure tipping in favor of the bears, managing risk at $31.40 keeps the invalidation tight while riding the unwinding leverage. 💭 Are you fading this exhaustion rally or waiting for the $30 breakdown confirmation? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #MVLLB #ShortSetup #Bearish #CryptoTrading #PriceAction
🔻 🐻
Entry: 30.10 - 30.60 ⚡
Target: 29.40 / 28.80 / 28.20 🎯
Stop Loss: 31.40 ⚠️
After an aggressive vertical push toward the $34 psychological ceiling, $MVLLB hit a massive wall of seller supply. Sellers aggressively capped the rally, carving out a clean sequence of lower highs around the $30 to $31 supply zone. 📉
Order flow reveals momentum is rapidly shifting toward the downside as buyers fail to defend key intraday levels. A sustained break below the critical $30 handle opens the trapdoors for a swift slide toward deeper support pockets down to $28.20. 📊
With structure tipping in favor of the bears, managing risk at $31.40 keeps the invalidation tight while riding the unwinding leverage. 💭 Are you fading this exhaustion rally or waiting for the $30 breakdown confirmation? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #MVLLB #ShortSetup #Bearish #CryptoTrading #PriceAction
🔻 🐻
