⚠️ $MLK – Lower High Rejection Signals More Downside

$MLK printed a relief bounce but failed at a lower high, showing clear rejection near resistance. Structure on the 1H remains bearish, suggesting downside continuation.

Trade Plan:

Entry: 0.05600 – 0.05680

Stop-Loss: 0.05880

Targets:

TP1: 0.05450

TP2: 0.05300

TP3: 0.05150

Why This Setup Works:

• Short-term downtrend intact on 1H

• Clear lower high around 0.05680–0.05700

• Rejection at resistance, momentum rolling over

As long as 0.05880 is not reclaimed, sellers remain in control and a move toward 0.05450 and below stays likely.

👀 Will break 0.05450 and accelerate lower?

💬 Buy and Trade $MLK —manage risk and scale out at targets.

MLK

Alpha

0.056073

-0.68%