$MIRA 🔻📉 Mira Market Downtrend | Sellers in Control | Sell Now ⚠️🔥
Mira is currently showing a downtrend market structure, indicating continued downward pressure with strong seller dominance. 📉🔻 Buyers are unable to maintain key support, while sellers are intervening aggressively - making selling now the preferred setup.
From a technical perspective, Mira is recording lower highs and lower lows, confirming that the bearish momentum is still in place. Volume supports the bearish bias: it expands during sell-offs and contracts during minor pullbacks, highlighting strong selling pressure. ⚠️📊
The market structure favors short positions. Any slight rebound towards resistance is likely to be sold, keeping the downward pressure strong. Mira is ideal for short-selling strategies, with the potential for further declines as long as the price remains below resistance.
Trade Management:
Sell near resistance or upon confirmed breakdown
Expect relief rebounds to fail
The trend remains bearish while it is below resistance
⚠️ Invalidating: The bearish setup is only invalidated if Mira breaks above resistance with strong buying volume. Until then, sellers remain in control.
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