🔻 $MUBARAK /USDT – Short Setup Developing After Channel Top Rejection! 🚨
$MUBARAK has rejected sharply from the upper boundary of its ascending channel. Price is beginning to pull back, offering a clean short setup as momentum slows near resistance.
📊 Market Structure:
Uptrend within a parallel rising channel
Rejection from the upper trendline
Room to drop toward the lower channel or demand zone below
🧠 Key Technical Insights:
Bearish candles forming after overextension
Mid-channel zone offering weak support
Strong demand lies between $0.0345–$0.0340
🎯 Trade Setup (Short):
Entry Zone: $0.03730 – $0.03750
Target 1: $0.03650
Target 2: $0.03530
Target 3: $0.03450
Stop Loss: $0.03846
✅ Pro Tip:
Watch closely for a break below $0.03700 — that’s your confirmation trigger. Ideal for scalpers and intraday shorts if risk is managed tightly.
⚠️ MUBARAK facing strong resistance — this pullback could dive fast if the channel breaks! 📉🔥
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