$MUBARAK /USDT – Short Setup Brewing! 🔻📉
Current Price: $0.0541
After a strong push toward $0.0557, $MUBARAK is now showing signs of exhaustion with bearish candles forming near the top—suggesting a potential pullback.
Short Trade Setup:
Entry Zone: $0.0540 – $0.0548
TP1: $0.0525
TP2: $0.0500
TP3: $0.0485
Stop Loss: $0.0562
Key Resistance:
$0.0548
$0.0557 (24H High)
Support Levels:
$0.0520
$0.0488 (24H Low)
Market Insight:
The parabolic move has lost steam, and early distribution signs are appearing. A rejection near resistance with volume fading increases short potential.
Pro Tip:
Look for a 15–30M bearish engulfing candle below $0.0538 to confirm weakness. Always trade with a risk-reward ratio of 1:2 or better.
Momentum shift is in play—stay sharp and trade smart!
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