Here is your professional technical analysis post for Binance Square:
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$MBL USDT BEARISH REVERSAL – SELLERS BREAK SUPPORT ZONE ⚠️
MBL/USDT has reversed from its recent high of $0.002216 and is now trading at $0.002183, breaking below the 25 MA ($0.002195) and approaching the 99 MA ($0.002185). The failure to hold above key moving averages suggests sellers are regaining control for a potential downward continuation.
🔰 TRADE SETUP (SHORT):
Entry Zone: 0.002185 – 0.002195
Take Profits:
🎯 TP1: 0.002170
🎯 TP2: 0.002155
Stop Loss: 0.002205
📊 MARKET OUTLOOK:
With bearish candles breaking below support levels and volume increasing on red bars, a further downside move is expected towards intraday lows if selling pressure sustains.
⚠️ Risk Management:
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buy and trade here on $MBL