$MVLLB /USDT – Bulls Are Back, But $12.00 Is the Real Test!
$MVLLB is showing impressive bullish momentum after climbing from $11.11 to $12.00. Price is now trading around $11.90, up 18.76% in 24 hours. Buyers have clearly stepped in, pushing the price higher with a series of higher highs and higher lows on the 15-minute chart.
But I don't want to ignore the latest rejection near $12.00. This is the resistance bulls need to break. A clean 15-minute candle close above $12.00, followed by a successful retest, could open the door for another upward move.
Trade Setup:
Entry (EP): $11.82 – $11.92
TP1: $12.00
TP2: $12.05
TP3: $12.20 (breakout extension target)
Stop Loss (SL): $11.64
Bullish Scenario: If buyers defend the $11.85 area and reclaim $12.00, momentum could build toward the next targets.
Bearish Warning: Losing $11.85 would weaken the short-term structure. A deeper move toward $11.65 could follow. If support fails, I would rather wait than force an entry.
The rally is strong, but chasing green candles is not a strategy. Wait for confirmation, protect your capital, and respect your stop loss.
Cash is a position. Not every move deserves a trade.
Risk managed. Eyes on the targets. Let's go $MVLLB
#CPITestsDecemberRateOutlook
$MVLLB is showing impressive bullish momentum after climbing from $11.11 to $12.00. Price is now trading around $11.90, up 18.76% in 24 hours. Buyers have clearly stepped in, pushing the price higher with a series of higher highs and higher lows on the 15-minute chart.
But I don't want to ignore the latest rejection near $12.00. This is the resistance bulls need to break. A clean 15-minute candle close above $12.00, followed by a successful retest, could open the door for another upward move.
Trade Setup:
Entry (EP): $11.82 – $11.92
TP1: $12.00
TP2: $12.05
TP3: $12.20 (breakout extension target)
Stop Loss (SL): $11.64
Bullish Scenario: If buyers defend the $11.85 area and reclaim $12.00, momentum could build toward the next targets.
Bearish Warning: Losing $11.85 would weaken the short-term structure. A deeper move toward $11.65 could follow. If support fails, I would rather wait than force an entry.
The rally is strong, but chasing green candles is not a strategy. Wait for confirmation, protect your capital, and respect your stop loss.
Cash is a position. Not every move deserves a trade.
Risk managed. Eyes on the targets. Let's go $MVLLB
#CPITestsDecemberRateOutlook
