$MUBARAK /USDT short trade signal 🚦 🛑
BEARISH REJECTION AT RESISTANCE — SHORT SETUP UNFOLDING!
Price is struggling to break above the key resistance zone at 0.02790. The recent wick rejections and inability to close above this level suggest a strong supply zone. A breakdown below the current structure could trigger a downside move toward the next major support.
Trade Setup:
Short Entry Zone: 0.02780 – 0.02740
Take Profit (TP): 0.02600
Stop Loss (SL): 0.02826
Market Outlook:
$MUBARAK is showing signs of exhaustion near the resistance zone. A confirmed lower high and a break below support could lead to accelerated bearish momentum. Volume is declining, indicating a lack of bullish conviction.
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