$MUU is facing continuous downward pressure and heavy selling momentum – further downside continuation is likely
📌 Trade Plan: Short $MUU
Entry Zone: 23.64 – 24.13 (Current price is trading near 23.64)
Stop-Loss (SL): 24.13
Take-Profit (TP): 23.10 | 22.60 | 22.20
🔍 Detailed Technical Breakdown
Price Action & Market Structure:
The chart shows $MUU printing consecutive red candles and sliding down to the 23.64 level, indicating persistent bearish control.
Target Scenarios:
TP1 (23.10): First immediate support zone for initial profit-taking.
TP2 (22.60): Intermediate target as the downward trend extends.
TP3 (22.20): Extended downside target zone if selling pressure intensifies.
Risk Management / Invalidation:
A sustained move and close above the 24.13 level invalidates this short setup.
📌 Trade Plan: Short $MUU
Entry Zone: 23.64 – 24.13 (Current price is trading near 23.64)
Stop-Loss (SL): 24.13
Take-Profit (TP): 23.10 | 22.60 | 22.20
🔍 Detailed Technical Breakdown
Price Action & Market Structure:
The chart shows $MUU printing consecutive red candles and sliding down to the 23.64 level, indicating persistent bearish control.
Target Scenarios:
TP1 (23.10): First immediate support zone for initial profit-taking.
TP2 (22.60): Intermediate target as the downward trend extends.
TP3 (22.20): Extended downside target zone if selling pressure intensifies.
Risk Management / Invalidation:
A sustained move and close above the 24.13 level invalidates this short setup.
