$MBL /USDT Short Trade Opportunity

$MBL /USDT is showing signs of continued weakness after a rejection near the $0.00227 level, with bearish momentum accelerating as it slips to $0.002169, currently down nearly 4% in the last 24 hours. The price action is pressing near the 24h low of $0.002156, indicating sellers are in control. Volume is consistent, with over 760M MBL traded, but buying pressure appears exhausted.

This setup creates a clear opportunity for a short trade targeting a breakdown below current support levels.

Entry (Sell): $0.002169

Stop Loss: $0.002280 (above 24h high and nearest resistance zone)

Targets:

Target 1: $0.002070 – Testing previous minor support from recent candles.

Target 2: $0.001980 – Stronger support level, aligned with consolidation zone from earlier ranges.

Target 3: $0.001890 – Deeper retracement toward a key psychological zone, ideal for maximizing short gains.

Technical View:

The chart is forming lower highs and lower lows, confirming a bearish structure.

RSI on the 1h and 4h is tilting downward, hovering near oversold but not fully exhausted.

Volume confirms participation, but the declining price suggests bearish control.

Trade Strategy:

Short positions here carry favorable risk-reward, especially with tight stop-loss placement just above short-term resistance. Traders can consider scaling out of the position across targets for secure profit booking. Keep watch on volume — a spike in buying could invalidate this setup, so discipline on stop-loss is key.

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