$MUBARAK TRYING TO STABILIZE – POTENTIAL REVERSAL OR JUST A PAUSE❓After dropping from a local high of $0.0714 to a low of $0.0414, $MUBARAK is now attempting a small bounce. Price action is still weak overall, but the current zone may attract short-term interest if volume increases.
📉 Short Trade Setup (if bounce gets rejected):
Entry Zone: $0.0445 – $0.0455
Stop-Loss: Above $0.0472
TP1: $0.0418
TP2: $0.0395
TP3: $0.0360 (if selling accelerates)
📊 Key Zones:
Resistance: $0.0455 – $0.0480
Support: $0.0414 – $0.0395
If price fails to reclaim $0.0455 and volume weakens, downside continuation is likely. Watch closely for rejection wicks around $0.0450.