$MUBARAK /USDT – REJECTION FROM LOCAL HIGH NEAR $0.0363

WEAK FOLLOW-UP AFTER SPIKE

BEARISH WICK SUGGESTS SELLING PRESSURE

$MUBARAK /USDT surged toward $0.0363 but quickly faced rejection, forming a long upper wick and closing lower at $0.0352. This price action, combined with previous lower highs and unstable momentum, suggests a possible reversal from this resistance zone.

🔴 Short Trade Setup:

Entry Zone: $0.0350 – $0.0358

Take Profit: $0.0315

Stop Loss: $0.0368

📉 Market Outlook:

Despite the initial spike from $0.0306, the failed breakout above $0.037 and immediate rejection shows strong resistance and potential for a pullback. Momentum remains weak unless buyers reclaim and hold above $0.0365.

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