🔻 $MUBARAK /USDT – Short Setup Developing After Channel Top Rejection! 🚨

$MUBARAK has rejected sharply from the upper boundary of its ascending channel. Price is beginning to pull back, offering a clean short setup as momentum slows near resistance.

📊 Market Structure:

Uptrend within a parallel rising channel

Rejection from the upper trendline

Room to drop toward the lower channel or demand zone below

🧠 Key Technical Insights:

Bearish candles forming after overextension

Mid-channel zone offering weak support

Strong demand lies between $0.0345–$0.0340

🎯 Trade Setup (Short):

Entry Zone: $0.03730 – $0.03750

Target 1: $0.03650

Target 2: $0.03530

Target 3: $0.03450

Stop Loss: $0.03846

✅ Pro Tip:

Watch closely for a break below $0.03700 — that’s your confirmation trigger. Ideal for scalpers and intraday shorts if risk is managed tightly.

⚠️ MUBARAK facing strong resistance — this pullback could dive fast if the channel breaks! 📉🔥

$MUBARAK

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