$MUB: Lower High Pattern Confirmed: Short Target in View
SHORT SETUP MUB
Entry: $894.000 - $896.000
Stop Loss: $927.400
Take Profit: $830.200 (2R)
Key Levels: Support $893.520 | Resistance $951.010
Technical Analysis for $MUB: Technical indicators point sharply down. RSI at 20.4 and Stochastic K below 3 signal deep oversold, while MACD sits well below its signal line and the histogram is negative, confirming bearish momentum. Price sits under EMA9200 cascade and ADX above 30 shows a strong trend. Orderbook imbalance favors sellers overall.
Market Context: BTC is in a bearish 4hour trend and down 2.2% over 24 hours, while the broader crypto market is broadly negative with
SHORT $MUB
SHORT SETUP MUB
Entry: $894.000 - $896.000
Stop Loss: $927.400
Take Profit: $830.200 (2R)
Key Levels: Support $893.520 | Resistance $951.010
Technical Analysis for $MUB: Technical indicators point sharply down. RSI at 20.4 and Stochastic K below 3 signal deep oversold, while MACD sits well below its signal line and the histogram is negative, confirming bearish momentum. Price sits under EMA9200 cascade and ADX above 30 shows a strong trend. Orderbook imbalance favors sellers overall.
Market Context: BTC is in a bearish 4hour trend and down 2.2% over 24 hours, while the broader crypto market is broadly negative with
SHORT $MUB