🔻 $MBOX USDT BEARISH REVERSAL – SELLERS PRESSURE INTENSIFIES
$MBOX USDT is showing a potential bearish reversal, failing to hold above mid-range resistance and forming lower highs, indicating weakness ahead.
🔑 Key Levels:
Current Price: $0.0549
Resistance: $0.0600 – $0.0640 (24h High)
Support: $0.0500 – $0.0477 (24h Low)
📉 Trade Setup (Short):
Entry Zone: $0.0555 – $0.0565
Take Profits (TP):
TP1: $0.0520
TP2: $0.0500
TP3: $0.0480
Stop Loss (SL): $0.0590
💡 Market Outlook: The market failed to sustain above $0.0600 resistance, forming a declining structure with volume fading. If it breaks below $0.0540, a further downside move is expected towards $0.0500 support.
⚠️ Risk Management: Always risk 1-2% of your capital per trade and trail stop loss once TP1 is achieved to lock in profits securely.
💬 Comment ‘🔻’ if you’re eyeing this short setup!