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$MUBARAK NEARING 24H HIGH – BREAKOUT OR CORRECTION? 🌼
⏩ SHORT TRADE SET-UP ⏪
✅ ENTRY ZONE: $0.0540 – $0.0550
🚫 STOP-LOSS: Above $0.0560
🎯 TP1: $0.0530
🎯 TP2: $0.0515
🎯 TP3: $0.0490
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Market Snapshot:
$MUBARAK has surged +4.43% to $0.0542, but strong resistance looms at the 24h high of $0.0557. Depth data reveals a concentration of sell orders between $0.0557–$0.0561, indicating potential exhaustion in the current uptrend. Bulls appear to be losing momentum.
Volume Watch:
Token Volume: 351.25M MUBARAK – suggesting elevated volatility.
USDT Volume: $18.32M – relatively weak, hinting at limited follow-through buying strength.
Outlook:
Unless bulls can decisively break and hold above resistance, a rejection at current levels could trigger a downside move targeting the 24h low of $0.0488. Traders should prepare for a short setup with well-defined risk management.
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❄️ TRADE CAREFULLY – WATCH $MUBARAK ❄️
#MarketRebound #TrumpTariffs #Bitcoin2025 #ETHMarketWatch #MUBARAKBreakout