$MVLL has experienced notable long liquidation around $23.21, putting the spotlight on the current demand area. If buyers defend the lower zone and price starts reclaiming resistance, a recovery move could develop quickly.
Support: $22.50–$23.00
Resistance: $24.00–$24.50
Next Target: $25.50, followed by $27.00
Entry Zone: $22.80–$23.30
Stop Loss: Below $22.20
A decisive breakout above $24.50 would confirm improving momentum and open the path toward $25.50 and higher. Until then, $22.50 remains the key defensive level.
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