$MUBARAK /USDT TECHNICAL ANALYSIS: SHORT TRADE SIGNAL

Trade Setup:

The chart for MUBARAK/USDT shows a clear rejection from the 24h high of 0.03512, with the price now trending downwards. This suggests a potential short-term bearish reversal.

Entry: Sell at the current price of 0.03394.

TP1: 0.03262 (Previous Support)

TP2: 0.03207 (Next Support Level)

SL: 0.03512 (24h High)

Short Outlook of Market:

After a period of consolidation and an attempt to break higher, the price has failed and is now pulling back. The rejection at the 24h high is a strong indication that selling pressure has increased. If the price breaks below the 0.03262 support, it could continue to decline towards the next support level.

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