【$MVLL Signal】Long - Buy-side absorbing selling pressure, consolidating at high level


$MVLL RSI 1H 73.97, sell-side depth nearly 80% but price consolidating around 57.5. 1H MACD bullish histogram narrowing, no death cross; Bollinger Bands mid-line 54.1 provides clear upward support. 4H previous breakout with volume then shrinking consolidation, funding rate 0.0%, OI normal. Current price is near the upper range of the suggested entry zone, direct entry.
🎯Direction: Long
⚡Entry/Pending Order: 57.4337 - 57.5200
🛑Stop Loss: 56.9448
🚀Target 1: 58.3828
🚀Target 2: 58.8142
🛡️Trade Management: Reduce 50% on reaching Target 1, move stop loss to entry price. If price falls back to entry zone, proactively exit to protect principal.
Deep Logic: Heavy selling pressure yet price refuses to drop, clearly showing capital support. Consolidation in overbought zone often means bulls are still actively absorbing, not exhausted. Bollinger Bands upper rail 60.3 offers potential space, risk-reward ratio 1.5, short-term trade worth taking.
View real-time quotes 👇 $MVLL
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