$MUBARAK /USDT Bounce or Breakdown? Decision Time Ahead!โ๐ป
Buy And Take Profit $MUBARAK
Current Range: $0.0445 โ $0.0455
After a heavy dump from $0.0714 to $0.0414, $MUBARAK is trying to catch a breath โ but momentum still favors the bears.
๐ Short Trade Setup:
โข Entry Zone: $0.0445 โ $0.0455
โข TP1: $0.0418
โข TP2: $0.0395
โข TP3: $0.0360 (if sell pressure spikes)
โข Stop-Loss: Above $0.0472
๐ Key Zones:
โข Resistance: $0.0455 โ $0.0480
โข Support: $0.0414 โ $0.0395
๐ง Market Insight:
The bounce is weak and struggling near resistance โ no bullish momentum confirmed. If volume fades again around $0.0450, a rejection is likely, triggering a deeper slide.
๐ก Pro Tip:
Watch for upper wick rejections near $0.0450 with low volume โ thatโs your cue to jump in. Breakdown mode could accelerate fast from there!
Donโt trust the bounce until it proves itself โ bears still in control!