$MUBARAK /USDT – Short Setup (Binance)

Current Price: $0.02215 (-0.72% on latest candle)

24h High / Low: $0.02257 / $0.01985

24h Volume: 373.47M MUBARAK / $8.13M USDT

Technical Outlook:

The price has pulled back slightly after a recent spike (+11.08%), indicating short-term weakness.

Immediate support is around $0.02185 – $0.02150, which aligns with previous intraday lows.

Resistance is near $0.02250 – $0.02300, where sellers may re-enter aggressively.

Momentum on the 15m and 1h charts is turning bearish; short-term trend favors a pullback or consolidation.

Trade Plan:

Entry (Short): $0.02215 – $0.02230

Target 1: $0.02150

Target 2: $0.02100

Stop Loss: $0.02280 (above intraday resistance)

Summary: