$MUB: Loses Key Demand Zone: Next Support Level Unprotected
SHORT SETUP MUB
Entry: $889.330 - $889.330
Stop Loss: $921.500
Take Profit: $824.990 (2R)
Key Levels: Support $872.380 | Resistance $889.330
Technical Analysis for $MUB: RSI sits in oversold territory, yet MACD and its signal line are both negative, confirming a bearish bias. The price is well below all shortterm EMAs and the ADX indicates a strong trend. Orderbook data shows a sellside imbalance, adding weight to a downward move. Together, these indicators favor SHORT continuation toward support.
SHORT $MUB
SHORT SETUP MUB
Entry: $889.330 - $889.330
Stop Loss: $921.500
Take Profit: $824.990 (2R)
Key Levels: Support $872.380 | Resistance $889.330
Technical Analysis for $MUB: RSI sits in oversold territory, yet MACD and its signal line are both negative, confirming a bearish bias. The price is well below all shortterm EMAs and the ADX indicates a strong trend. Orderbook data shows a sellside imbalance, adding weight to a downward move. Together, these indicators favor SHORT continuation toward support.
SHORT $MUB