$MUBARAK /USDT — BEARS TIGHTEN GRIP AS PRICE SLIDES TO NEW LOWS
$MUBARAK has entered a sharp downtrend after failing to hold above $0.0360. Sellers dominated, pushing the price down to $0.0333 — just shy of the daily low. Unless bulls reclaim the $0.0345–$0.0350 zone quickly, further downside toward $0.0325 remains likely.
Trade Setup (Short Bias):
Entry Zone: $0.0338 – $0.0344
Take Profit 1: $0.0330
Take Profit 2: $0.0325
Stop Loss: $0.0350
Market Outlook:
Momentum remains bearish with consistent red candles and low recovery attempts. Order book shows stronger sell-side pressure despite short bursts of buying interest. Watch for potential scalping opportunities but avoid chasing unless the downtrend weakens.
