🚨 MAV/USDT Trading Signal – Breakdown More Likely, but Watch for a Short-Term Bounce! 🚨
🔹 Current Price: $0.07392 (-10.25%)
🔹 Key Support: $0.07340 (last defense!)
🔹 Resistance: $0.07550 - $0.07650
🔹 RSI (1H): 13.91 (extremely oversold!)
🔹 Trend: Strong bearish momentum with a chance of a temporary bounce.
📊 Trade Setup – Breakdown is More Likely, but a Bounce Could Happen
🔴 Scenario 1: Breakdown & More Downside (Higher Probability – 65%)
Price has consistently made lower highs and lower lows, indicating continued weakness.
The order book shows heavy sell-side dominance (76% selling pressure).
If $0.07340 breaks, expect further decline to $0.07250 - $0.07180.
📌 Entry: Below $0.07330
🎯 Target: $0.07250 - $0.07180
❌ Stop-loss: Above $0.07450
🔵 Scenario 2: Short-Term Bounce (Lower Probability – 35%)
The RSI is deeply oversold, which could trigger a relief bounce.
If $0.07340 holds, a move towards $0.07550 - $0.07650 is possible.
📌 Entry: $0.07350 - $0.07380
🎯 Target: $0.07550 - $0.07650
❌ Stop-loss: Below $0.07270
📢 Conclusion:
Breakdown is more likely (65% probability) given the strong downtrend and sell pressure.
However, a short-term bounce (35% chance) is possible due to extreme RSI oversold conditions.
Watch $0.07340 closely—if it holds, expect a small bounce. If it breaks, expect a deeper drop.
💬 What’s your move? Comment below! 🚀🔥
Trade $MAV here👇
