$MUBARAK is starting to cool off after a massive vertical rally.
SHORT $MUBARAK
Entry: 0.0640 – 0.0660
TPs: 0.0550 | 0.0480 | 0.0400
SL: Above 0.0755
Why Short?
➡️ The asset is facing heavy profit-taking after tagging a sharp local peak at the 0.07352 resistance level.
➡️ Price action has backed off to 0.06415 while buyer momentum begins to exhaust.
➡️ On the 1-hour time frame, the MACD indicator shows signs of flattening out after an aggressive expansion, and the RSI sits at 62.5, pointing to an overextended trend ripe for a deeper retracement toward the 0.04233 demand zone.
SHORT $MUBARAK
Entry: 0.0640 – 0.0660
TPs: 0.0550 | 0.0480 | 0.0400
SL: Above 0.0755
Why Short?
➡️ The asset is facing heavy profit-taking after tagging a sharp local peak at the 0.07352 resistance level.
➡️ Price action has backed off to 0.06415 while buyer momentum begins to exhaust.
➡️ On the 1-hour time frame, the MACD indicator shows signs of flattening out after an aggressive expansion, and the RSI sits at 62.5, pointing to an overextended trend ripe for a deeper retracement toward the 0.04233 demand zone.
