$MUB $MUB 12h Update
- The trend is bearish, and unless the price can reclaim and hold above 1055.63, pressure is likely to remain to the downside.
- If price sweeps below 953.00 and sharply reverses with strong bullish signs, I expect a bounce targeting 1028.64 first, then potentially 1049.72–1055.63. Entry should be on a clear reversal confirmation; place stops below the new swing low made during the sweep.
- If price is rejected at 1049–1055 and prints a clear bearish pattern, a short could target 1002.84 first and then 953.00. Confirmation is key—look for momentum to stall and bearish patterns to form before entering, with stops above the recent swing high in the supply zone.
- If 953.00 is lost decisively (with no reversal), next support is 941.26, and further downside opens up. My bias would shift bullish only if the price breaks and holds above 1055.63 with strong volume and bullish structure.
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