$MUBARAK

/USDT – Attempting a Base After Sharp Drop

$MUBARAK slid -4.38% in the last 24H, dropping from the high of $0.0300 to a low of $0.0273 before settling at $0.0284. The hourly chart shows a consistent bearish trend, but the current price action suggests the coin is trying to form a short-term base around $0.0280 support.

With 355.51M MUBARAK in volume, volatility is high. Bulls must reclaim $0.0290 to break the downtrend structure and shift momentum.

24H Snapshot:

High: $0.0300

Low: $0.0273

Current: $0.0284

Volume: 355.51M MUBARAK / $10.22M USDT

Trade Setup:

Entry Zone: $0.0280 – $0.0286

TP1: $0.0295

TP2: $0.0305

Final Target: $0.0320

Stop Loss: $0.0272

Pro Tip: Watch closely for bullish engulfing candles near support. Volume spikes will confirm if this is a reversal or just a pause in the downtrend.

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