$MBL /USDT – BEARISH PRESSURE BUILDING 📉⚠️
Current Price: $0.003506
Key Levels:
• Resistance: $0.003700 (Immediate overhead barrier)
• Support: $0.003400 (Critical level to hold)
Trade Setup: Short Entry 📉
• Entry Zone: $0.003500 - $0.003520
• Take Profit (TP):
• TP1: $0.003400
• TP2: $0.003300
• TP3: $0.003200
• Stop Loss (SL): $0.003600
Analysis
$MBL has shown a sharp retracement from recent highs, with sellers dominating the market (74.15% ask orders). Bearish momentum suggests a potential breakdown below $0.003400, targeting lower support zones.
Risk Management
Limit your risk to 1-2% of your portfolio. Adjust position sizing to maintain proper risk-to-reward ratios. Always respect your SL to manage potential losses effectively.