$MUBARAK /USDT – Bearish Pressure After Rejection!
Current Price: $0.0534
After failing to hold above $0.060, $MUBARAK is showing signs of weakness with declining momentum and a breakdown below short-term moving averages.
Trade Setup (Short):
Entry Zone: $0.0535 – $0.0555
TP1: $0.0500
TP2: $0.0455
TP3: $0.0395
SL: $0.0605
Key Observations:
Price rejected from $0.0608 resistance
Volume dropping on each bounce – signs of distribution
Pro Tip:
If we see a 1H close below $0.0525 with volume increase, it could accelerate the downside toward the $0.04 zone.
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