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

$MUBARAK has sharply rejected the upper boundary of its ascending channel, signaling a possible pullback as momentum fades near resistance.

📊 Market Structure Highlights:

• Trading within a rising parallel channel

• Clear rejection from the upper trendline

• Potential to retrace toward the lower channel support or nearby demand zone

🧠 Key Technical Signals:

• Bearish candles forming after an overextended rally

• Mid-channel area showing weak support

• Strong demand cluster around $0.0345–$0.0340

📉 Short Trade Setup (Futures):

• Entry Zone: $0.03730 – $0.03750

• Target 1: $0.03650

• Target 2: $0.03530

• Target 3: $0.03450

• Stop Loss: $0.03846

✅ Pro Tip:

A clean break below $0.03700 could confirm the reversal. Great for scalpers or intraday traders with disciplined risk control.

⚠️ Strong resistance at the channel top if this breaks, the move down could accelerate quickly!