📉 $MVLLB DROPS 16.4% — Is More Downside Ahead?
The selling pressure on $MVLLB is hard to ignore. A sharp decline combined with an 8x volume spike raises questions about whether buyers are stepping aside or forced selling is accelerating.
My current bias is bearish, with the 1-hour structure pointing lower and broader market weakness adding to the risk.
🔻 Potential SHORT Setup
- Entry Zone: $25.87–$26.26
- 🎯 TP1: $24.60
- 🎯 TP2: $23.12
The preferred setup would be a weak bounce into resistance followed by a clear rejection or lower-timeframe breakdown.
⚠️ If price reclaims the supply zone with strength, the bearish thesis needs to be reassessed. High-volume sell-offs can also trigger sharp relief rallies.
Question: Is $MVLLB heading toward $23.12, or are sellers running out of steam?
#MVLLB #CryptoAnalysis #ShortSetup #altcoins #BinanceSquare
The selling pressure on $MVLLB is hard to ignore. A sharp decline combined with an 8x volume spike raises questions about whether buyers are stepping aside or forced selling is accelerating.
My current bias is bearish, with the 1-hour structure pointing lower and broader market weakness adding to the risk.
🔻 Potential SHORT Setup
- Entry Zone: $25.87–$26.26
- 🎯 TP1: $24.60
- 🎯 TP2: $23.12
The preferred setup would be a weak bounce into resistance followed by a clear rejection or lower-timeframe breakdown.
⚠️ If price reclaims the supply zone with strength, the bearish thesis needs to be reassessed. High-volume sell-offs can also trigger sharp relief rallies.
Question: Is $MVLLB heading toward $23.12, or are sellers running out of steam?
#MVLLB #CryptoAnalysis #ShortSetup #altcoins #BinanceSquare
