🔴$MBL
BEARISH SETUP: DOWNSIDE PRESSURE EXPECTED
$MBL is showing early signs of bearish reversal after failing to sustain above the 0.001240 resistance zone. Short-term charts indicate lower highs forming, signaling weakening bullish momentum. A breakdown below 0.001203 could trigger further downside toward key support levels.
Entry: Consider entering a short position on a confirmed break below 0.001203 for higher probability trade.
Targets:
TP1: 0.001180 — immediate support
TP2: 0.001160 — mid-term support
TP3: 0.001140 — strong historical support
Stop Loss: 0.001251 — above recent high to avoid false breakout
Key Levels:
Resistance: 0.001220, 0.001240, 0.001251
Support: 0.001180, 0.001160, 0.001140
Pivot Zone: 0.001203
Risk Management: Risk 1–2% of trading capital per trade and adjust position size according to stop loss distance.