At this level, the bulls and bears are already arguing. $MUB is trading at 650.86, down 17.87% in a day, and the current price is just one step above the 24-hour low of 650.27.
It’s slid all the way down from 795.62, with hardly a decent bounce along the way. Anyone still holding is probably doing the math right now: if you cut your losses, you’re afraid of selling at the bottom; if you don’t, you’re afraid tomorrow will be even lower. Honestly, I’d be shaky about making a move at this level—the drop has been so smooth that it makes you wonder whether there’s any floor below.
I’m watching the short side, with a reference range of 650.86–722.94: if a bounce weakens near 722.94, I’d take another look. The idea is invalidated if it climbs back above 795.62. The initial target is around 613.92, with a risk-reward ratio of about 1.5 (calculated using 722.94 as the reference, 795.62 as the invalidation level, and 613.92 as the target). 24-hour trading volume is $26.1 million, so the selling pressure is real—it’s not a low-volume drift down. Risk level: high.
Would you take a shot at this risk-reward ratio, or would you rather let it pass?
For reference only, not investment advice. Pay attention to position sizing.
#MUB #TradingOpportunity
It’s slid all the way down from 795.62, with hardly a decent bounce along the way. Anyone still holding is probably doing the math right now: if you cut your losses, you’re afraid of selling at the bottom; if you don’t, you’re afraid tomorrow will be even lower. Honestly, I’d be shaky about making a move at this level—the drop has been so smooth that it makes you wonder whether there’s any floor below.
I’m watching the short side, with a reference range of 650.86–722.94: if a bounce weakens near 722.94, I’d take another look. The idea is invalidated if it climbs back above 795.62. The initial target is around 613.92, with a risk-reward ratio of about 1.5 (calculated using 722.94 as the reference, 795.62 as the invalidation level, and 613.92 as the target). 24-hour trading volume is $26.1 million, so the selling pressure is real—it’s not a low-volume drift down. Risk level: high.
Would you take a shot at this risk-reward ratio, or would you rather let it pass?
For reference only, not investment advice. Pay attention to position sizing.
#MUB #TradingOpportunity