Here is your technical analysis post based on the provided chart:
$MUBARAK USDT SHORT TRADE SIGNAL 🔴
🚨 Sharp Rejection at Local Resistance!
After a strong bullish impulse, $MUBARAKUSDT faced a rejection near the 0.0377 level, forming a potential reversal zone. Price action shows a clean break from the liquidity box, now aiming for a pullback towards previous demand zones.
📉 Trade Setup:
Entry Point: 0.0372
Stop Loss: 0.0377
Take Profit: 0.0357
Margin: 2-3% of wallet
Leverage: 10x
🧠 Market Outlook:
Momentum appears to be cooling off as the pair faces resistance after a sharp move up. A corrective wave is expected if the selling pressure continues below 0.0372.
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