$MVLL is showing a sell-the-rebound setup after a steep decline despite short liquidations around $24.10. The latest available market snapshot showed price near $25.73, with a 24-hour low of $23.12 and high of $31.37, indicating substantial volatility and persistent selling pressure.
EP: $26.20–$27.00
TP1: $25.20
TP2: $24.10
TP3: $23.20
SL: $27.80
The $26.20–$27.00 zone is a potential resistance area for a relief rally, while $24.10 and $23.20 are downside liquidity targets. Wait for rejection before entering, since short liquidations can trigger sharp countertrend rallies; a sustained move above $27.80 invalidates the short thesis.
EP: $26.20–$27.00
TP1: $25.20
TP2: $24.10
TP3: $23.20
SL: $27.80
The $26.20–$27.00 zone is a potential resistance area for a relief rally, while $24.10 and $23.20 are downside liquidity targets. Wait for rejection before entering, since short liquidations can trigger sharp countertrend rallies; a sustained move above $27.80 invalidates the short thesis.