📢 $MRVL / $USDT | 🔴 SHORT | ⭐ 74.7%
🎯 Goal: $213.84. Is it still falling?
🎯 Trading levels:
🟢 Entry: $217.66
🛑 Stop Loss: $219.95
🏁 TP1: $213.84
🏁 TP2: $213.07
🏁 TP3: $211.54
📉 Analysis:
The structure of $MRVL shows a clear bearish alignment in higher timeframes (4h) and lower ones (15m), confirming seller dominance. The ADX of 27.06 (an indicator that measures trend strength) validates a consolidated bearish direction, while the RSI of 36.52 (indicating weakness conditions without being in extreme oversold yet) and the position of the EMAs (exponential moving averages) confirm that the price remains below its 20- and 50-period averages.
⚖️ Risk/Reward: 1:1.67
⏱️ Timeframe: 1H
📐 Technical Confidence: 4/5
This thesis is invalidated if the price breaks upward above $219.95, invalidating the triple-top pattern detected in the short term. Watch the immediate support at $215.76, since a breakdown with volume would confirm continuation toward the stated targets.
Do you think the $215.76 support will be enough to stop the current selling pressure?
💡 This analysis is educational and not financial advice. Do your own research and decide calmly.
#crypto #MRVL #trading #Futures #Bearish
🎯 Goal: $213.84. Is it still falling?
🎯 Trading levels:
🟢 Entry: $217.66
🛑 Stop Loss: $219.95
🏁 TP1: $213.84
🏁 TP2: $213.07
🏁 TP3: $211.54
📉 Analysis:
The structure of $MRVL shows a clear bearish alignment in higher timeframes (4h) and lower ones (15m), confirming seller dominance. The ADX of 27.06 (an indicator that measures trend strength) validates a consolidated bearish direction, while the RSI of 36.52 (indicating weakness conditions without being in extreme oversold yet) and the position of the EMAs (exponential moving averages) confirm that the price remains below its 20- and 50-period averages.
⚖️ Risk/Reward: 1:1.67
⏱️ Timeframe: 1H
📐 Technical Confidence: 4/5
This thesis is invalidated if the price breaks upward above $219.95, invalidating the triple-top pattern detected in the short term. Watch the immediate support at $215.76, since a breakdown with volume would confirm continuation toward the stated targets.
Do you think the $215.76 support will be enough to stop the current selling pressure?
💡 This analysis is educational and not financial advice. Do your own research and decide calmly.
#crypto #MRVL #trading #Futures #Bearish
