$MRVL is barely moving at +0.3%, but the real story is underneath the surface — BTC divergence is flashing caution while bullish structure keeps the breakout thesis alive.
My bias remains bullish on $MRVLUSDT.P 1H as price continues to print higher highs and higher lows, with the daily trend and BTC also supporting the upside. As long as MRVL holds above 273.35, the broader structure remains bullish.
But there is an important warning: the newly confirmed 4H bearish divergence against BTC shows MRVL is underperforming near the highs. That creates a real risk of a liquidity sweep, local reversal, or deeper pullback before the next expansion.
Price has rejected the 277.43–279.47 resistance zone, with 280.73 and 282.77 acting as the next major upside barriers. Short-term supply is heavy, so chasing the move here is not ideal.
Key levels to watch:
- 274.39: immediate support
- 271.87–273.35: key demand and breakout-retest zone
- 266.09: major downside support
- 262.01: deeper bearish target
My preferred setup is a sweep into 271.87–273.35 followed by a strong reclaim. I want to see a bullish rejection, engulfing candle, or 5M structure shift reclaiming 273.5+ before considering a long.
Upside targets:
TP1: 275.39
TP2: 277.43
TP3: 279.47–280.73
Risk control is critical: a 1H close below 273.35 would invalidate the bullish structure and shift focus toward 266.09 and potentially 262.01.
OI is also cooling at $22.5M (-1.8% 24H), while funding is neutral at 0.0000% and taker flow sits around 0.80x. Combined with the BTC divergence, this means patience is more important than chasing.
The setup is simple: bullish above 273.35, but I want a liquidity sweep and confirmed reclaim before entering. If MRVL keeps lagging BTC and cannot reclaim 274.5+, the long thesis weakens significantly.
Not investment advice. Educational report only.
#MRVL #CryptoTrading #Altcoins #TechnicalAnalysis #Binance $MRVL
My bias remains bullish on $MRVLUSDT.P 1H as price continues to print higher highs and higher lows, with the daily trend and BTC also supporting the upside. As long as MRVL holds above 273.35, the broader structure remains bullish.
But there is an important warning: the newly confirmed 4H bearish divergence against BTC shows MRVL is underperforming near the highs. That creates a real risk of a liquidity sweep, local reversal, or deeper pullback before the next expansion.
Price has rejected the 277.43–279.47 resistance zone, with 280.73 and 282.77 acting as the next major upside barriers. Short-term supply is heavy, so chasing the move here is not ideal.
Key levels to watch:
- 274.39: immediate support
- 271.87–273.35: key demand and breakout-retest zone
- 266.09: major downside support
- 262.01: deeper bearish target
My preferred setup is a sweep into 271.87–273.35 followed by a strong reclaim. I want to see a bullish rejection, engulfing candle, or 5M structure shift reclaiming 273.5+ before considering a long.
Upside targets:
TP1: 275.39
TP2: 277.43
TP3: 279.47–280.73
Risk control is critical: a 1H close below 273.35 would invalidate the bullish structure and shift focus toward 266.09 and potentially 262.01.
OI is also cooling at $22.5M (-1.8% 24H), while funding is neutral at 0.0000% and taker flow sits around 0.80x. Combined with the BTC divergence, this means patience is more important than chasing.
The setup is simple: bullish above 273.35, but I want a liquidity sweep and confirmed reclaim before entering. If MRVL keeps lagging BTC and cannot reclaim 274.5+, the long thesis weakens significantly.
Not investment advice. Educational report only.
#MRVL #CryptoTrading #Altcoins #TechnicalAnalysis #Binance $MRVL