$MUBARAK /USDT short trade signal 🚦 🛑
BEARISH SETUP — REJECTION SIGNAL AT SUPPLY ZONE!
Price action on $MUBARAK /USDT is showing clear weakness after rejecting from the highlighted resistance zone. The recent wick rejections and a bearish engulfing near the 0.05560 level indicate potential downside pressure. A short entry is favored as the price fails to hold above the supply block and is now testing the lower support range.
Trade Setup:
Short Entry: 0.05360 – 0.05420
Take Profit (TP): 0.05000 / 0.04750
Stop Loss (SL): 0.05580
Market Outlook:
Bearish sentiment is building up as volume spikes during rejections from resistance. If the support at 0.05250 breaks, a sharp drop toward 0.04750 could follow. Traders should stay cautious and look for confirmation candles before entering.
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