React native – Cannot read property 'makeMutable' of undefined

I installed "react-native-reanimated ^3.11.0"
here is bable.config.js after adding plugins:
according to reanimated docs

module.exports = {
  presets: ['module:@react-native/babel-preset'],
  plugins: ['react-native-reanimated/plugin'],
};

App giving an error as

Cannot read property 'makeMutable' of undefine

React Native version
0.74.1
Device
Android Emulator

I am sharing screenshot of error

I installed latest version of react-native-reanimated 3.11.0
and also add plugins in bable.config.js
Here is bable code:

module.exports = {
  presets: ['module:@react-native/babel-preset'],
  plugins: ['react-native-reanimated/plugin'],
};

do all things according to reanimated docs