Trading Signals for
$MAV Action: Short Position
Entry Range: $0.1365 - $0.1400
Stop-Loss (SL): $0.1450
Take Profit (TP): $0.1325 - $0.1177
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$MAV 🚨 Note: Trade at your own risk. DYOR.
Maverick Protocol (MAV) has experienced a significant decline of 9.04% in the last 24 hours, with the price trading around $0.1385. The current price action suggests a potential consolidation pattern as the trading volume of $7.4M reflects ongoing market activity without a strong reversal signal.
With a max supply of 2B coins and a circulating supply of 503M, the downtrend could be driven by oversupply concerns or low market demand. Additionally, MAV's ranking at #550 and the reduced market cap of $69.7M reinforce its vulnerability to short-term bearish pressure.
The scalping strategy recommends a short entry between $0.1365 and $0.1400 based on recent support-turned-resistance levels. A stop-loss of $0.1450 is set slightly above resistance to minimize risk. Targets are set between $0.1325 (3%) and $0.1177 (15%), considering both minor and extended bearish scenarios.
This trade favors nimble execution due to the coin’s high volatility and relatively lower market cap. Monitor real-time price action closely and exit early if bullish momentum develops.
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