Marvell $MRVL - this week the entire tech sector got hit by a wave of profit-taking - there's a panic dump on the hourly chart, and the $286.00 level is a local mirror resistance that the bulls are trying to hold - Short for continued correction
Short $MRVL
Entry 286.00
Stop 298.50
Take Profit 267.00
On the hourly chart, Marvell is forming an aggressive descending structure. The price has dropped from the recent peak of $329.88 and has broken the moving averages from top to bottom. The $286.00 mark, which previously held back the decline, is now broken and being tested from below as resistance.
$MRVL
DYOR
#MRVL #MRVLUSDT #MRVLTrading
Short $MRVL
Entry 286.00
Stop 298.50
Take Profit 267.00
On the hourly chart, Marvell is forming an aggressive descending structure. The price has dropped from the recent peak of $329.88 and has broken the moving averages from top to bottom. The $286.00 mark, which previously held back the decline, is now broken and being tested from below as resistance.
$MRVL
DYOR
#MRVL #MRVLUSDT #MRVLTrading