💡 Quick Technical Analysis:

Oversold Conditions Emerging!

- Price: $0.0523 (-4.04% today)

- RSI(6): 35.85 (approaching oversold)

- Stochastic: K=36.86 / D=28.92 (showing potential reversal signal)

Key Levels to Watch:

- Resistance: $0.0640 (24h high)

- Support: $0.0478 (24h low)

- Immediate Battle: $0.0523 current level

🚀 The Expected Scenario:

- Bullish Rebound: If RSI holds above 30 and price bounces from $0.0523, first target is $0.0550, then $0.0580

- Bearish Continuation: Break below $0.0523 could retest $0.0500 psychological level

$MBOX

🔥 Why This Matters Now:

1. Volume Spike: 366M MBOX traded (20M USDT) shows strong interest

2. MACD Convergence: Histogram turning less negative (-0.0000)

3. Extreme Move: Already down 4% today after testing $0.0640

📊 Trading Strategy:

- Aggressive Bulls: Could scale in at current levels with stop below $0.0500

- Patient Traders: Wait for confirmation above $0.0550

- Short-term Scalpers: Watch for bounce plays at $0.0500-$0.0523

$MBOX

⚠️ Warning:

- High volatility expected with such moves

- Always use proper risk management

💬 What's Your Play?

- Buying the dip?

- Waiting for more confirmation?

- Shorting the breakdown?

💎 Like & Share if you're watching MBOX's next big move! $MBOX

(Chart Note: Next 4 hours crucial for determining short-term trend)

#MBOX #MBOX🔥🔥 #Write2Earn