$MUBARAK ๐ฅ TRADE AND INVEST ๐ฅ
Trade Setup:
Short Entry Zone: 0.02780 โ 0.02740
Take Profit (TP): 0.02600
Stop Loss (SL): 0.02826
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.
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.