I'm watching $MDBB after its -1.93% decline. I'm waiting for sellers to confirm further weakness.
ENTRY: 320.84 (after bearish confirmation)
TARGET 1: 314.42
TARGET 2: 308.01
STOP LOSS: 325.65
WHY THIS SETUP WORKS:
If selling pressure continues, price could move toward lower levels. I'm looking for a failed bullish recovery and confirmation of a downside breakdown.
TRADE MANAGEMENT:
I'll avoid entering without confirmation and respect the stop loss. Short positions only where supported.
ENTRY: 320.84 (after bearish confirmation)
TARGET 1: 314.42
TARGET 2: 308.01
STOP LOSS: 325.65
WHY THIS SETUP WORKS:
If selling pressure continues, price could move toward lower levels. I'm looking for a failed bullish recovery and confirmation of a downside breakdown.
TRADE MANAGEMENT:
I'll avoid entering without confirmation and respect the stop loss. Short positions only where supported.