$MUBARAK /USDT – BEARISH MOVE BREWING AS SELL PRESSURE INCREASES NEAR SUPPORT ZONE!
$MUBARAK /USDT pair is currently displaying a bearish structure, indicating a potential further downside as prices hover around key support levels. With a last traded price of 0.0335 USDT, the bears appear to be gaining short-term control.
Key Levels:
Resistance Levels: 0.0360 / 0.0370
Support Levels: 0.0330 (immediate), 0.0315 (major support)
Current Price: 0.0335
24H Volume: 3.34M
Sentiment: SELL
TRADE SETUP – SHORT ENTRY IDEA:
Entry: 0.0336 - 0.0340 (minor pullback zone)
Target 1 (TP1): 0.0320
Target 2 (TP2): 0.0310
Stop Loss (SL): 0.0352
MARKET OUTLOOK:
Price action shows multiple rejections at resistance (0.0360-0.0370), and consistent lower highs indicate weakening buying momentum. With volume not favoring bulls and a breakdown below 0.0335 threatening to continue, bears might dominate the short term unless a sharp reversal happens with volume.
Risk Management:
Always risk 1-2% of your capital per trade. Use stop-losses and avoid over-leveraging, especially in high-volatility zones.
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