๐จ $MUBARAK ๐ THIS IS WHERE THINGS CAN GET UGLY FAST
MUBARAK has now pushed straight into a major WEEKLY supply zone after an almost vertical move.
The dangerous part? Long positioning has become extremely crowded. A huge amount of leverage entered during the final stages of this pump, exactly when price reached higher-timeframe resistance.
This is the type of location where late longs can get completely trapped if the market starts rejecting.
For me, this is one of the strongest areas to look for a SHORT, especially if we get a clean rejection from the current highs.
If the weekly supply holds and the unwind begins, I am not expecting a tiny 5โ10% correction. The structure below is extremely stretched, so the downside can become violent once leveraged longs start getting flushed.
Targets ๐ฏ
TP1: 0.0600
TP2: 0.0530
TP3: 0.0450
TP4: 0.0350
TP5: 0.0280
โ ๏ธ Remember: the trend is still aggressively bullish right now. The real bearish confirmation comes when price starts rejecting this weekly supply ...
Click here and Short ๐๐๐๐๐๐๐๐๐$MUBARAK
#MUBARAK #AIStocksWhatNext
MUBARAK has now pushed straight into a major WEEKLY supply zone after an almost vertical move.
The dangerous part? Long positioning has become extremely crowded. A huge amount of leverage entered during the final stages of this pump, exactly when price reached higher-timeframe resistance.
This is the type of location where late longs can get completely trapped if the market starts rejecting.
For me, this is one of the strongest areas to look for a SHORT, especially if we get a clean rejection from the current highs.
If the weekly supply holds and the unwind begins, I am not expecting a tiny 5โ10% correction. The structure below is extremely stretched, so the downside can become violent once leveraged longs start getting flushed.
Targets ๐ฏ
TP1: 0.0600
TP2: 0.0530
TP3: 0.0450
TP4: 0.0350
TP5: 0.0280
โ ๏ธ Remember: the trend is still aggressively bullish right now. The real bearish confirmation comes when price starts rejecting this weekly supply ...
Click here and Short ๐๐๐๐๐๐๐๐๐$MUBARAK
#MUBARAK #AIStocksWhatNext
