$MVLL is showing a bullish continuation setup after buyers successfully drove the market into a strong daily advance.
Price remains elevated near the momentum zone, which suggests the trend has not yet lost its strength. A pullback toward nearby support would be the preferred entry.
EP
34.20 - 34.80
TP
TP1 38.50
TP2 42.00
TP3 46.00
SL
32.80
MVL is currently trading with positive market structure, and the key question is whether demand can defend the first retracement. The 34-area could become a decision zone where buyers and sellers battle for control. A low-volume pullback followed by increasing buying activity would support the continuation thesis. If the market breaks above its recent high, liquidity above the range could accelerate the move toward the higher targets.
Let's go $MVLLB
Price remains elevated near the momentum zone, which suggests the trend has not yet lost its strength. A pullback toward nearby support would be the preferred entry.
EP
34.20 - 34.80
TP
TP1 38.50
TP2 42.00
TP3 46.00
SL
32.80
MVL is currently trading with positive market structure, and the key question is whether demand can defend the first retracement. The 34-area could become a decision zone where buyers and sellers battle for control. A low-volume pullback followed by increasing buying activity would support the continuation thesis. If the market breaks above its recent high, liquidity above the range could accelerate the move toward the higher targets.
Let's go $MVLLB