This vertical move is running on fumes. 👀
Opening short on $MUBARAK 📉
📍 Entry: 0.06700 to 0.06900
🎯 TP1: 0.06000
🎯 TP2: 0.05291
🎯 TP3: 0.04010
🛑 Stop Loss: 0.07200
Potential reward-to-risk: approximately 2R / 3.8R / 7R
Ran from 0.0256 to 0.0696 in just days.
Now the first rejection wick appears at the top.
MA7 sits at 0.0529 — far below current price.
No support formed above 0.0500.
If 0.0600 breaks, MA7 becomes the next magnet.
Use 3x–4x leverage. A close above 0.0720 invalidates this short. So is this the blowoff top, or just one more push before gravity takes over?
Educational only. Not financial advice. DYOR.
Trade here 👇🏻
Opening short on $MUBARAK 📉
📍 Entry: 0.06700 to 0.06900
🎯 TP1: 0.06000
🎯 TP2: 0.05291
🎯 TP3: 0.04010
🛑 Stop Loss: 0.07200
Potential reward-to-risk: approximately 2R / 3.8R / 7R
Ran from 0.0256 to 0.0696 in just days.
Now the first rejection wick appears at the top.
MA7 sits at 0.0529 — far below current price.
No support formed above 0.0500.
If 0.0600 breaks, MA7 becomes the next magnet.
Use 3x–4x leverage. A close above 0.0720 invalidates this short. So is this the blowoff top, or just one more push before gravity takes over?
Educational only. Not financial advice. DYOR.
Trade here 👇🏻
