$MUBARAK /USDT – Potential Short Opportunity
Entry Range: $0.06150–$0.06250
Target 1: $0.05650
Target 2: $0.05280
Suggested Leverage: 5x–10x
Risk-to-Reward Ratio: Estimated at 1:2 or better
Why Consider a Short Position:
The price faces significant resistance between $0.063 and $0.065, having been rejected multiple times.
RSI is approaching overbought territory at 67, suggesting potential bullish exhaustion.
MACD indicates a possible loss in bullish momentum.
Price action has failed to surpass the recent high of $0.06364, signaling weakness.
Important Note:
Wait for a clear rejection wick or bearish candle formation within the entry range before initiating a short.
Risk Management Reminder:
Only risk 1% of your total capital. Precision beats panic — one well-timed trade is better than multiple rushed decisions.