$MBOX
Long liquidations at $0.01351 signal forced buyer exits, meaning bullish positions were flushed from the market. This type of liquidation typically strengthens bearish continuation because weak longs are removed while sellers regain control.
Market structure shows consistent lower highs and rejection from supply zones, confirming a descending trend channel. Momentum remains weak with no strong reclaim of resistance levels.
Liquidity now rests below current price, making downside sweeps more probable before any meaningful reversal attempt.
EP: $0.01330 – $0.01345
TP1: $0.01260
TP2: $0.01205
TP3: $0.01140
SL: $0.01395
Trend remains bearish with sellers defending every relief bounce.
Momentum structure favors continuation as long liquidations confirm demand failure.
Price is likely to move lower to capture remaining downside liquidity pools.
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