$MRVLB
MRVLB is showing a strong bullish structure on the 1H chart after a powerful move from the $224.22 area toward $240.23. Price is now consolidating around $235.70 while remaining above the MA(25) and MA(99), suggesting the broader bullish trend is still intact. The current consolidation could become a launchpad for another upside move if buyers reclaim the short-term resistance.
📍 Entry Zone: $234.80 – $236.20
🛡 Stop Loss: $232.80
🎯 Take Profit Targets:
TP1: $237.50
TP2: $240.20
TP3: $243.50
📊 Key Levels:
Support: $234.00 – $233.80
Major Support: $232.80
Resistance: $237.50
Major Resistance: $240.20
⚡ Market Outlook:
A clean breakout above $237.50 with increasing volume could open the way toward the previous high at $240.23 and potentially extend the rally toward $243.50. Holding above $234 keeps the bullish setup active, while a sustained break below $232.80 would invalidate the trade idea.
⚠️ Use proper risk management and avoid entering after a sharp candle extension.
$MRVLB
#EtherRalliesAsBearishBetsLiquidate
#BitcoinOpenInterestShareRisesTo42.1%
#OpenAILaunchesAgentsAPIPublicBeta
#USInflationHoldsAt3.4%InAugust
MRVLB is showing a strong bullish structure on the 1H chart after a powerful move from the $224.22 area toward $240.23. Price is now consolidating around $235.70 while remaining above the MA(25) and MA(99), suggesting the broader bullish trend is still intact. The current consolidation could become a launchpad for another upside move if buyers reclaim the short-term resistance.
📍 Entry Zone: $234.80 – $236.20
🛡 Stop Loss: $232.80
🎯 Take Profit Targets:
TP1: $237.50
TP2: $240.20
TP3: $243.50
📊 Key Levels:
Support: $234.00 – $233.80
Major Support: $232.80
Resistance: $237.50
Major Resistance: $240.20
⚡ Market Outlook:
A clean breakout above $237.50 with increasing volume could open the way toward the previous high at $240.23 and potentially extend the rally toward $243.50. Holding above $234 keeps the bullish setup active, while a sustained break below $232.80 would invalidate the trade idea.
⚠️ Use proper risk management and avoid entering after a sharp candle extension.
$MRVLB
#EtherRalliesAsBearishBetsLiquidate
#BitcoinOpenInterestShareRisesTo42.1%
#OpenAILaunchesAgentsAPIPublicBeta
#USInflationHoldsAt3.4%InAugust
