$MUBARAK / USDT โ Showing Renewed Strength! ๐ช
$MUBARAK is currently trading at $0.0374, up by a solid +11.98%! Following the recovery attempt yesterday, the 4-hour chart shows a strong green candle breaking above the recent resistance around $0.037.
Potential Bullish Momentum:
Observation: After finding support, $MUBARAK is showing renewed bullish momentum, breaking through a key level. This could signal a move towards higher targets.
Possible Trade Considerations:
Entry: Consider pote.ntial entries around the current price or on slight pullbacks towards $0.037, looking for it to act as new support.
Target 1: $0.0385
Target 2: $0.0400
Final Target: $0.0410+ (retesting previous highs)
Stop Loss: Place a stop-loss below the breakout level, perhaps around $0.0365, to manage risk.
Key Observation: The break above $0.037 with good volume suggests potential for further upside. Monitor for continuation of this bullish momentum.
Remember to conduct your own thorough analysis before making any trading decisions. Have a productive Monday!
