$MUBARAK /USDT BREAKING SUPPORT WITH STRONG SELLING — BEARS IN FULL COMMAND!
$MUBARAK is down over 13% on the 1H chart, now trading at $0.0499 after cracking below key support. The chart structure is clearly bearish with lower highs and consistent pressure pushing price into fresh intraday lows. Volume confirms the dominance of sellers.
Trade Setup (Short):
Entry: $0.0500 – $0.0512
Take Profit (TP): $0.0475 / $0.0450
Stop Loss (SL): $0.0535
Market Outlook:
With price unable to hold the $0.0520 support and no bullish reaction near current levels, a continuation lower is likely. Only a reclaim above $0.0540 could shift short-term sentiment.
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