🚨 $MPLX
| Potential short-selling opportunity after losing bullish momentum! 📉
After a strong 75% rise, $MPLX has begun showing signs of weakening momentum. The price reached around $0.134 before facing sharp selling pressure and retreating to approximately $0.086.
The 15-minute chart shows momentum fading after the rapid rise, making the possibility of a further correction worth watching.
📉 SHORT trade setup: 🔹 Entry zone: $0.0860–$0.0900 🎯 Take-profit target: $0.0700 🛑 Stop-loss: $0.0960
📊 Key levels to watch:
Main resistance: $0.0900–$0.0960.
Nearby support: $0.0840.
Potential downside target: $0.0700.
⚠️ Bearish scenario: A correction remains possible as long as the price is unable to reclaim the $0.0900–$0.0960 resistance zone. A break below $0.0840 could increase selling pressure, but wait for confirmation of the break before making a decision.
❗ Risk management first: $MPLX is subject to sharp price swings, and liquidity may be limited, increasing the risk of sudden reversals and slippage. Stick to your stop-loss, avoid risking a large amount of capital, and do not enter the trade without proper confirmation.
| Potential short-selling opportunity after losing bullish momentum! 📉
After a strong 75% rise, $MPLX has begun showing signs of weakening momentum. The price reached around $0.134 before facing sharp selling pressure and retreating to approximately $0.086.
The 15-minute chart shows momentum fading after the rapid rise, making the possibility of a further correction worth watching.
📉 SHORT trade setup: 🔹 Entry zone: $0.0860–$0.0900 🎯 Take-profit target: $0.0700 🛑 Stop-loss: $0.0960
📊 Key levels to watch:
Main resistance: $0.0900–$0.0960.
Nearby support: $0.0840.
Potential downside target: $0.0700.
⚠️ Bearish scenario: A correction remains possible as long as the price is unable to reclaim the $0.0900–$0.0960 resistance zone. A break below $0.0840 could increase selling pressure, but wait for confirmation of the break before making a decision.
❗ Risk management first: $MPLX is subject to sharp price swings, and liquidity may be limited, increasing the risk of sudden reversals and slippage. Stick to your stop-loss, avoid risking a large amount of capital, and do not enter the trade without proper confirmation.