$MUBARAK /USDT BEARISH MOMENTUM UNFOLDING — SUPPORT RETEST UNDERWAY!
$MUBARAK has plunged over 11% in the last 24 hours, slipping from the $0.0583 high down to $0.0488 before bouncing slightly. The 15-minute chart shows a clear downtrend with lower highs and lower lows, signaling continued selling pressure.
Trade Setup (Short):
Entry: $0.0505 – $0.0510
Take Profit (TP): $0.0480 / $0.0465
Stop Loss (SL): $0.0525
Market Outlook:
Price is trying to stabilize around the $0.0500 level, but unless it regains strength above $0.0520, the bearish trend is likely to continue. Watch closely for further weakness or a failed recovery attempt.
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