This trade setup for $MUBARAK is signaling strong bullish momentum following the initial +61.2% rally. The current consolidation near $0.0386 suggests a potential continuation if the support at $0.0375 holds.
Here’s a quick summary of the risk-reward structure:
Entry Zone: $0.0375 – $0.0386
Stop-Loss: Below $0.0350 (approx. -9.3% risk from $0.0386)
TP1: $0.0435 (+12.7%)
TP2: $0.0478 (+23.7%)
This offers a favorable risk-to-reward ratio, especially if volume increases on the breakout. Keep an eye on overall market sentiment and volume spikes at resistance levels.
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