✨️ Is $MUBARAK Testing a Key Support Level?!
After dropping ~14.8% today, $MUBARAK is pulling back to a key support zone near $0.060.
🎯 Key levels:
Support: $0.060
Resistance: $0.0631, then $0.070+ (the MA7 area)
My view: If buyers defend $0.060, a bounce toward $0.070+ is possible. This looks like profit taking after a parabolic move, not a confirmed reversal. If $0.060 breaks on a daily close, I'd stay out🤞🏻
After dropping ~14.8% today, $MUBARAK is pulling back to a key support zone near $0.060.
🎯 Key levels:
Support: $0.060
Resistance: $0.0631, then $0.070+ (the MA7 area)
My view: If buyers defend $0.060, a bounce toward $0.070+ is possible. This looks like profit taking after a parabolic move, not a confirmed reversal. If $0.060 breaks on a daily close, I'd stay out🤞🏻