Annie Lily
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Bearish
$MUBARAK – REJECTION AT SWING HIGH, BEARISH PRESSURE BUILDING
STRONG WICK AT THE TOP
FAILED TO HOLD ABOVE RESISTANCE
$MUBARAK spiked to $0.03563 but faced immediate rejection, forming a long upper wick and closing lower at $0.03500. This price action suggests a possible bull trap or exhaustion after a fast recovery from $0.03284. Volume surged during the wick, indicating selling into strength—a classic sign of bearish divergence.
Trade Setup
Short Entry: $0.03490 – $0.03520
Target 1: $0.03410
Target 2: $0.03300
Stop Loss: Above $0.03580
Unless bulls reclaim control quickly, downside continuation is likely. Watch the $0.0345 level—if broken, further weakness expected.
#MUBARAK #BearishReversal #BinanceFutures #CryptoSignals #ShortTrade
STRONG WICK AT THE TOP
FAILED TO HOLD ABOVE RESISTANCE
$MUBARAK spiked to $0.03563 but faced immediate rejection, forming a long upper wick and closing lower at $0.03500. This price action suggests a possible bull trap or exhaustion after a fast recovery from $0.03284. Volume surged during the wick, indicating selling into strength—a classic sign of bearish divergence.
Trade Setup
Short Entry: $0.03490 – $0.03520
Target 1: $0.03410
Target 2: $0.03300
Stop Loss: Above $0.03580
Unless bulls reclaim control quickly, downside continuation is likely. Watch the $0.0345 level—if broken, further weakness expected.
#MUBARAK #BearishReversal #BinanceFutures #CryptoSignals #ShortTrade
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