๐จ **\$MUBARAK/USDT โ Bearish Trend Alert!**
Is it time to **buy** or should you **wait**? Letโs break it down:
๐ **Current Price:** \$0.0375 (-7.86%)
Price is trading *below* key moving averages (7, 25, 99) โ showing strong bearish momentum.
๐ **Support Level:** \$0.0372 (24h low)
This is a key support zone. If price drops below, more downside is likely.
๐ง **Resistance Levels:**
โข \$0.0392 (MA7)
โข \$0.0405 (MA25)
Price must break above these to turn bullish again.
๐ฏ **Smart Entry Points:**
โข Watch for a bounce around \$0.0372
โข Or a clean breakout above \$0.0392 โ *with strong volume*
๐ **RSI(6):** 24.51 (Oversold)
Could signal a rebound if RSI climbs above 30.
โ ๏ธ **Risk Management:**
Set a **stop-loss below \$0.0370**
Recommended risk-reward ratio: **1:2** โ trade with caution.
๐ธ **Targets:**
โข Short-term: \$0.0392
โข Mid-term: \$0.0405 (if bullish pressure returns)
๐ **Key to Watch:**
Volume spikes and RSI trend shift. Avoid heavy buying until the trend shows signs of reversal.