$MBOX USDT BEARISH BREAKDOWN – WEAKNESS BELOW KEY MOVING AVERAGES!
$MBOXUSDT is currently trading at $0.0517 (+7.71%), but the 15m chart shows strong bearish momentum as price continues to decline from the intraday high of $0.0640. It is now trading below MA7, MA25, and MA99, indicating a clear bearish breakdown. Sellers are dominating as the price forms lower highs and lower lows.
🔻 Trade Setup:
Short Entry: Below $0.0515 confirmation
Targets (TP): $0.0505 – $0.0495 – $0.0480
Stop Loss (SL): $0.0528
📊 Market Outlook:
Short-term trend is bearish with selling pressure accelerating. Unless it reclaims $0.0530 resistance quickly, further downside towards recent lows is likely.
⚠️ Risk Management:
Always trade with proper SL to manage volatility and avoid emotional exits during sharp intraday moves.
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