$MUB
is currently trading at $775.44, down 3.62%. The selling pressure is becoming difficult to ignore. I've been watching the $765 region because it could become an important reaction zone. If sellers break support, the next downside levels could come into focus. On the other hand, reclaiming $788 would be an early sign that buyers are returning. I'm staying cautious because leveraged exposure can turn a small market move into a much larger loss.
Support: $765 / $750
Resistance: $788 / $800
Entry: $786–$792 (Short)
TP1: $772
TP2: $758
TP3: $742
Stop Loss: $805
Pro Tip: Don't hold a losing leveraged position hoping for a reversal.
is currently trading at $775.44, down 3.62%. The selling pressure is becoming difficult to ignore. I've been watching the $765 region because it could become an important reaction zone. If sellers break support, the next downside levels could come into focus. On the other hand, reclaiming $788 would be an early sign that buyers are returning. I'm staying cautious because leveraged exposure can turn a small market move into a much larger loss.
Support: $765 / $750
Resistance: $788 / $800
Entry: $786–$792 (Short)
TP1: $772
TP2: $758
TP3: $742
Stop Loss: $805
Pro Tip: Don't hold a losing leveraged position hoping for a reversal.