$MIRA loses momentum after a vertical spike as distribution takes hold 🔻
MIRA is now trading beneath a lower high after its impulsive move, and the tape is beginning to show classic post-spike exhaustion. Volume expansion on the initial move has given way to softer follow-through, while overhead supply continues to absorb attempts at continuation. The structure is shifting from momentum to distribution, with price compressing inside a zone where sellers appear increasingly willing to meet bids.
My read is that the market is still pricing the spike as a trend event, while the more informed flow is treating it as a liquidity event. That distinction matters. When a sharp advance fails to establish acceptance above the breakout area, it often signals inventory rotation rather than genuine expansion. In this setup, the most efficient trade is not chasing weakness blindly, but leaning into the supply band where trapped longs and residual sellers are likely to overlap, creating favorable asymmetry toward a mean reversion lower.
Entry: 0.0970 – 0.1020 🔥
Target: 0.0920 🚀
Target: 0.0885 💎
Target: 0.0840 📉
Stop Loss: 0.1060 🛡️
Risk disclosure: For informational purposes only. Not financial advice. Markets are volatile and losses can exceed expectations.
#MIRA #CryptoMarket #ShortSetup #TechnicalAnalysis
