$MUBARAK USDT BEARISH REVERSAL IN PLAY โ WATCH FOR A SHARP DROP! ๐ป
Price has tested a major resistance zone near 0.0316โ0.0320 and is now showing early rejection signs with a possible double top formation. The sharp prior pump into this zone, followed by consolidation, indicates exhaustion. If sellers gain momentum here, a breakdown could trigger a deeper retracement.
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๐ด Trade Setup (Short Entry):
Entry Zone: 0.0315 โ 0.0320
Stop Loss: 0.0325
Take Profits:
โข TP1: 0.0300
โข TP2: 0.0290
โข TP3: 0.0283
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๐ Market Outlook:
$MUBARAKUSDT has approached a high-confluence resistance with weakening bullish volume. If it fails to reclaim above 0.0325, bearish pressure is likely to dominate with room for a drop toward 0.0280.
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