$MUBARAK printed a 33.9% down-candle on $59M of volume.
It just lost the 20 and 50 EMAs, breaking the support structure around the 0.06 level. This isn't a healthy pullback. It’s a straight rejection from the 7-day high at 0.0876. With the RSI at 39, there's still room for more downside before it's technically oversold.
Is the daily low at 0.0503 the bounce spot, or just exit liquidity for trapped longs?
$MUBARAK
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It just lost the 20 and 50 EMAs, breaking the support structure around the 0.06 level. This isn't a healthy pullback. It’s a straight rejection from the 7-day high at 0.0876. With the RSI at 39, there's still room for more downside before it's technically oversold.
Is the daily low at 0.0503 the bounce spot, or just exit liquidity for trapped longs?
$MUBARAK
New reads post through the day. Follow so you don't miss the next one.
