MUBARAK showing signs of topping
🔴 $MUBARAK - SHORT
Trade Plan:
Current Price: ~0.01008
Entry Zone: 0.01035 – 0.01085
SL: 0.01125
TP1: 0.00935
TP2: 0.00855
TP3: 0.00765
MUBARAK has been struggling to push higher and is showing absorption near resistance. Price has been making lower highs while encountering selling pressure. The Entry Zone 0.01035 – 0.01085 is located at the retest of broken structure. The stop loss is placed above the recent high. Take-profit levels are aligned with major support zones below. This setup is suitable for traders who like trading potential topping patterns.
Would you short MUBARAK in this topping area?
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DYOR & manage risk!
MUBARAKUSDT
Perp
0.01077
-2.97%