$MUU is trading in a strong bearish trend after breaking multiple support levels, with sellers maintaining full control of the market. Price has reacted from a key resistance zone and continues to print lower highs and lower lows, showing that every recovery is being sold into. Momentum remains weak, liquidity is favoring the downside, and a continuation move is likely if the recent support fails to hold.
Trade Setup
Entry: 18.30 - 18.70
Target 1: 17.80
Target 2: 17.20
Target 3: 16.50
Stop Loss: 19.40
How it's possible
The current market structure remains bearish, with price repeatedly rejecting resistance and failing to build higher lows. Volume confirmation on another move below support would increase the probability of reaching the downside targets. Momentum continues to favor sellers, making trend continuation more likely than a reversal unless buyers reclaim key resistance. Risk management is essential, and if the price closes above the stop loss with strong buying pressure, the trade should be exited immediately to protect capital.
Let's go and Trade now $MUU
#SamsungToStartTexasFab2ConstructionAtYearEnd #SenatorsReachClarityActEthicsCompromise #USLaunchesFreshStrikesOnIRGC #KoreanStocksReboundOnSamsungResults
Trade Setup
Entry: 18.30 - 18.70
Target 1: 17.80
Target 2: 17.20
Target 3: 16.50
Stop Loss: 19.40
How it's possible
The current market structure remains bearish, with price repeatedly rejecting resistance and failing to build higher lows. Volume confirmation on another move below support would increase the probability of reaching the downside targets. Momentum continues to favor sellers, making trend continuation more likely than a reversal unless buyers reclaim key resistance. Risk management is essential, and if the price closes above the stop loss with strong buying pressure, the trade should be exited immediately to protect capital.
Let's go and Trade now $MUU
#SamsungToStartTexasFab2ConstructionAtYearEnd #SenatorsReachClarityActEthicsCompromise #USLaunchesFreshStrikesOnIRGC #KoreanStocksReboundOnSamsungResults
