๐ $MPLX โ Bearish Short Setup | Post-Pump Correction Watch
SHORT ๐ด
๐ Entry Zone: $0.0860โ$0.0900
๐ Stop Loss (SL): $0.0960
๐ฏ Take Profit Target:
- TP1: $0.0750
- TP2: $0.0700
๐ Market Analysis:
MPLX is showing signs of weakening momentum after an explosive rally of approximately 75%. Price surged toward $0.134 before facing heavy selling pressure and retreating to around $0.086. The 15-minute chart suggests that the initial buying momentum may be fading, creating the possibility of a deeper correction.
The bearish setup depends on price remaining below the $0.090โ$0.096 resistance zone. A confirmed breakdown below $0.084 could strengthen the downside scenario and increase the possibility of a move toward $0.070. However, if buyers regain control and push price back above resistance, the expected correction could be delayed or invalidated.
๐ Key Levels:
- Resistance Zone: $0.090โ$0.096
- Breakdown Confirmation: Below $0.084
- Downside Target: $0.0700
- Invalidation: A move to the $0.0960 stop-loss level would invalidate the setup.
โ ๏ธ Risk Note: This is a highly volatile, low-liquidity token. Sudden reversals, wide spreads, and significant slippage can increase trading risk. Wait for confirmation, use conservative position sizing, and avoid risking more than you can afford to lose.
๐ Bearish bias while resistance holds and selling pressure continues.
Sell and Trade $MPLX here ๐
DYOR.
SHORT ๐ด
๐ Entry Zone: $0.0860โ$0.0900
๐ Stop Loss (SL): $0.0960
๐ฏ Take Profit Target:
- TP1: $0.0750
- TP2: $0.0700
๐ Market Analysis:
MPLX is showing signs of weakening momentum after an explosive rally of approximately 75%. Price surged toward $0.134 before facing heavy selling pressure and retreating to around $0.086. The 15-minute chart suggests that the initial buying momentum may be fading, creating the possibility of a deeper correction.
The bearish setup depends on price remaining below the $0.090โ$0.096 resistance zone. A confirmed breakdown below $0.084 could strengthen the downside scenario and increase the possibility of a move toward $0.070. However, if buyers regain control and push price back above resistance, the expected correction could be delayed or invalidated.
๐ Key Levels:
- Resistance Zone: $0.090โ$0.096
- Breakdown Confirmation: Below $0.084
- Downside Target: $0.0700
- Invalidation: A move to the $0.0960 stop-loss level would invalidate the setup.
โ ๏ธ Risk Note: This is a highly volatile, low-liquidity token. Sudden reversals, wide spreads, and significant slippage can increase trading risk. Wait for confirmation, use conservative position sizing, and avoid risking more than you can afford to lose.
๐ Bearish bias while resistance holds and selling pressure continues.
Sell and Trade $MPLX here ๐
DYOR.