$MUBARAK USDT BEARISH PULLBACK AFTER FAILED BREAKOUT ⛔
Despite multiple bullish attempts, $MUBARAK USDT failed to sustain above the 0.0300 level. Price is showing signs of weakness near local resistance, with rejection wicks forming repeatedly. A deeper retracement is likely unless strong volume steps in.
Trade Setup:
Entry Zone: 0.0294 – 0.0296
Take Profits:
• TP1: 0.0290
• TP2: 0.0285
Stop Loss: 0.0302
Short Market Outlook:
Momentum has cooled off with 13% daily drop and high selling volume. Price is trapped under resistance. Watch for volatility if it breaks below 0.0288 — that opens the door to deeper correction.
#MUBARAK #CryptoUpdate #BearishSetup #PriceAction #AltcoinAnalysis