🚨 $MBL /USDT – Oversold Breakdown or Reversal Zone? 🔄
$MBL is sitting at $0.002429, down -1.78% today. With RSI flirting near extreme lows and price hugging support, is a bounce imminent—or is there more pain ahead? Let’s analyze! 📉
📊 Market Overview
📍 Current Price: $0.002429
📈 24h High: $0.002535
❄️ 24h Low: $0.002409
📊 Volume:
MBL: 954.45M
USDT: 2.38M
📉 Moving Averages:
MA(7): $0.002489
MA(25): $0.002493
MA(99): $0.002399
📉 RSI (6): 20.96 (Heavily oversold – bounce watch activated!)
📊 MACD: Bearish, with sellers maintaining pressure
📈 MBL Trade Setup – Key Levels to Watch
🔹 Bullish Scenario (If MBL reclaims $0.00245+ and builds support):
Entry: Above $0.00246
Targets: $0.00250, $0.00254, $0.00258+
Stop-Loss: $0.00240
🔹 Bearish Scenario (If MBL breaks below $0.00240 support):
Entry: Below $0.00240
Targets: $0.00235, $0.00230, $0.00225
Stop-Loss: $0.00247
🔍 Should You Hold or Sell?
✅ RSI < 21 = deeply oversold, possible short-term rebound
✅ MA(99) near current price = long-term support area
⚠️ Price below MA(25) and MA(7) = trend still weak—wait for confirmation
💡 Pro Tip:
🚨 Watch for a reclaim above $0.00246 with strong volume—could trigger a relief rally
📉 Weak bounce or low volume? Stay cautious—sellers still control short-term
📢 Your move—catch the bounce or wait for breakdown? Drop your strategy below! 👇
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