$MUBARAK : Cultural Momentum vs. Heavy Sell-off

MUBARAK
MUBARAKUSDT
0.01634
-3.37%

$MUBARAK SHORT

Entry: 0.01735 - 0.01780

Targets: 0.01650, 0.01580, 0.01420

Stop Loss: 0.01920

Leverage: 3x - 5x (Low leverage recommended)

Reason:

The chart shows a massive "pump and dump" candle where the price touched $0.021 and immediately crashed. This suggests that whales sold their bags as soon as Ramadan started (a "sell the news" event). Since the price is now breaking below short-term support levels with high selling volume, more downside is expected as the initial hype fades.

$MUBARAK: Will the 'Blessed' coin find support or keep falling?