$MUBARAK /USDT BEARS STILL IN CONTROL – FADING MOMENTUM WARNS OF FURTHER DROP! 🔻📉
$MUBARAK/USDT has experienced a heavy rejection from the $0.2000 high and is now trading at $0.0986, showing a massive -7.85% drop. The 15-min chart reveals consistent lower highs and lower lows, indicating persistent bearish pressure with only weak attempts at recovery.
Key Levels:
Resistance: $0.1100 / $0.1250
Support: $0.0900 (critical support)
Current Price: $0.0986
Trade Setup – SHORT Position:
Entry: $0.0985
Take Profit: $0.0920 / $0.0880
Stop Loss: $0.1055
Market Outlook: The chart structure is heavily tilted to the downside with volume decreasing on green candles and sellers dominating the trend. Unless bulls break back above $0.1100 with strength, the probability of another leg down remains high.
Risk Management: Risk only 1-3% per trade. Always set a stop loss and maintain a solid risk-to-reward ratio of at least 1:2. Avoid overtrading during high volatility moves.
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