mubaraktry

Here’s the $MUBARAK /TRY analysis:


$MUBARAK /TRY – TESTING CRITICAL SUPPORT
Current price: 1.478 (−4.09%)

24h Range: 1.470 – 1.631

Volume: 410,801.2 MUBARAK (TRY volume: 73.57M)

Trend: Price is near the 24h low, showing strong intraday selling pressure.

Technical Levels:

Resistance: 1.516 → 1.581 → 1.631

Support: 1.452 → 1.387 → 1.337

A close below 1.452 could trigger deeper drop toward 1.387.

Moving Averages:

MA(5): 7,923,305.1

MA(10): 6,783,467.6
(Current price trading well below short-term moving averages — momentum is bearish.)

Trade Idea:

Bearish bias while below 1.516.

Bulls need a bounce above 1.516 to target 1.581/1.631.

Watch for false breakdown at 1.470 — could trap shorts if volume spikes upward.

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$MUBARAK /TRY BEARISH MOVE LIKELY AFTER STRONG REJECTION AT RESISTANCE
The $MUBARAK /TRY pair has shown clear bearish signs after facing heavy rejection near the 1.234 resistance zone, which coincides with the upper Bollinger Band and a psychological barrier. Price action has since dropped significantly, confirming the rejection and forming lower highs on the 4H chart.
MACD shows a bearish crossover with momentum weakening, while EMA lines (especially EMA20 and EMA50) are preparing for a potential bearish cross. Volume is increasing on the downside, suggesting sellers are gaining control. The price is also hovering near the lower Bollinger Band, signaling a continued downtrend.
ENTRY (SHORT): 1.105
TARGET 1 (TP1): 1.063
TARGET 2 (TP2): 1.035
STOP LOSS (SL): 1.138
RISK MANAGEMENT:
Use 2% of your portfolio per trade. Stick to your SL strictly and avoid over-leveraging.
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