$MUBARAK /USDT – Distribution at the Top? 📉
Parabolic push into resistance often precedes sharp corrections.
Late longs fuel smart-money exits.
Setup (Short): $MUBARAK
• Entry: 0.02010 – 0.02030
• Stop Loss: 0.02170
• TP1: 0.01890
• TP2: 0.01780
• TP3: 0.01620
• Timeframe: 1H
• Bias: Rejection from local high
Technical View:
On the 1H chart, MUBARAK tapped 0.02156 and immediately showed rejection wicks near resistance. Price is slightly extended above EMA(25) while EMA(7) is flattening, signaling short-term momentum slowdown. RSI cooled from near 70 and is rolling over around the 60 region, indicating weakening bullish pressure. After a strong impulsive leg from 0.01700 area, probability of a corrective retracement increases as liquidity above the high has likely been swept. If price loses 0.01980 intraday support, acceleration toward 0.01850–0.01780 becomes likely. A break and close above 0.02170 invalidates the short thesis and opens continuation toward new highs. Volume confirmation on breakdown is key.
Short $MUBARAK here 👇
