$MUBARAK at a Crossroads — Weak Bounce or Breakdown Loading?
After a steep slide from $0.0714 to a low of $0.0414, $MUBARAK is showing signs of a slight recovery. But make no mistake — bulls have not taken control yet.
Bearish Setup (If the bounce gets slapped down):
Sell Zone: $0.0445 – $0.0455
Stop-Loss: Just above $0.0472
Targets:
• TP1: $0.0418
• TP2: $0.0395
• TP3: $0.0360 (if selling pressure spikes)
Key Levels to Monitor:
Resistance: $0.0455 – $0.0480
Support: $0.0414 – $0.0395
If $MUBARAK struggles to break above $0.0455 and volume stays weak, the current bounce may be nothing more than a pause before more downside. Wicks near $0.0450 could be the early warning signal.
Stay alert — rejection here could trigger the next leg down.