Is #MBOX Ready For Another Leg Down or Not? Bears in Control

Yello Paradisers! Is #MBOXUSDT going for another wave of bearish moves, or will it recover from here? Let's break down the #Mobox setup:

💎#MBOX is currently trading within a clean descending channel, showing repeated rejections from the upper resistance line. This bearish structure has held strong, and with the 50 EMA now acting as dynamic resistance, the odds are tilting further in favor of downside continuation.

💎The current price of #MBOXUSD is $0.033, sitting right below both the descending resistance and strong horizontal resistance. As long as price remains under the $0.041 invalidation zone, the bearish setup remains active. A breakdown from here opens the door toward lower support levels.

💎First area to watch is the moderate support zone at $0.027, but the real liquidity and potential buyer interest lie much lower in the major demand zone, just above $0.020. A clean move into this area would likely trap late shorts and offer a powerful reversal opportunity, but only once the selling pressure exhausts.

💎To flip the bias bullish, price must break and hold above $0.041. This level has acted as a clear resistance, and reclaiming it would invalidate the current bearish structure, opening up a strong rally opportunity toward higher value zones.

Trade smart, Paradisers. This setup will reward only the disciplined.

MyCryptoParadise
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