$MBOX /USDT – Potential Short Setup Alert!
💰 Current Price: $0.0434 (+11.86%)
Key Technical Levels:
Resistance: $0.0461
Support: $0.0383
24H Range: $0.0383 – $0.0461
Market Outlook:
$MBOX has shown a strong upward move but is now displaying long upper wicks — a classic sign of buyer exhaustion.
Volume is tapering off as it approaches local resistance, suggesting a potential short-term pullback.
Price is struggling to sustain above the $0.0445–$0.0461 resistance zone.
📉 Short Trade Idea:
Entry Range: $0.0435 – $0.0448
Targets:
TP1: $0.0412
TP2: $0.0395
TP3: $0.0380
Stop Loss: $0.0465
Pro Tip:
Look for confirmation — a 1H candle close below $0.0430 would strengthen this setup.
Use a trailing stop after TP1 to lock in gains during pullbacks.
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