Long Trade Setup for $MUBARAK /USDT: Strong Bullish Momentum Continues
Current Price: $0.04034 (+11.81%)
24h High: $0.04046
24h Low: $0.03601
Key Levels to Watch:
Resistance: $0.04046 (Next immediate resistance)
Support: $0.03541 (Previous low)
Target 1: $0.04046 (Near-term target, breakout level)
Target 2: $0.04200 (Next major resistance level)
Trade Setup:
1. Spot Trade Setup
Entry: Enter at current price or on a pullback to $0.03950.
Stop-Loss: Set at $0.03600 (below the support)
Target 1: $0.04046
Target 2: $0.04200
2. Futures Trade Setup
Entry: Enter long at current price with confirmation of further upward movement.
Leverage: Use 5x leverage for amplified profits.
Stop-Loss: $0.03600
Target: $0.04046 and $0.04200
Why This Setup?
The current price is trending upward and has already hit a solid rally of +11.81% today.
The bulls are in control, and if the resistance at $0.04046 is broken, we can see a push towards $0.04200.
Spot and futures positions can be used here, with a solid risk-to-reward ratio as momentum remains strong.
Final Thought:
The market is bullish, and as per my previous analysis, all targets have been smashed. Don’t miss this opportunity! Ensure to manage your risk effectively by using stop-losses.