$MVLL IS FACING A MAJOR RESISTANCE LEVEL AFTER A 21% SURGE!

Trading Plan Short $MVLL

Entry: 28.2 – 28.3

SL: 29.0

TP1: 27.4

TP2: 26.2

TP3: 24.8

The asset has climbed from 23.3 to 28.29 — a 21% gain. The RSI is at 74, suggesting the asset is approaching overbought territory. The 4-hour chart is showing a loss of bullish momentum, with smaller candles forming at the resistance level. This region has acted as a ceiling in the past, and overhead liquidity remains concentrated here. If sellers defend this zone, the next downside levels to watch are 27.4 and 26.2, with deeper liquidity at 24.8 — a 12% decline from entry. The stop is placed tight at 29.0, above the recent high.

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