Mubarak CTO
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TECHNICAL ANALYSIS #MUBARAK
1. Overall Trend:
- Strong downtrend from peak $0.20 to bottom $0.0208, followed by recovery.
- Price currently forming a cup and handle pattern — a bullish sign if it breaks out of the handle zone.
2. Resistance and Support Levels:
- Near-term Resistance:
- $0.0613 (24h high)
- $0.0907 (pre-dump zone)
- $0.1150 (large limit sell price)
- Strong Support:
- $0.0389 (MA25 line)
- $0.0208 (previous bottom)
3. Moving Averages (MA):
- MA7 ($0.0558) is above current price => warns of short-term correction.
- MA25 ($0.0389) acts as primary long-term support.
4. Volume:
- Trading volume surged significantly since early May => signals accumulation and capital inflow.
- However, clear profit-taking pressure is present.
5. Market Sentiment:
- Sell orders account for 52.04% vs. buy orders (47.96%) => market slightly bearish in the short term.
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CONCLUSION & SCENARIOS:
Bullish Case:
- If price breaks $0.0613 with sustained volume => short-term targets: $0.09 – $0.115.
- Completion of cup-and-handle pattern => strong breakout possible.
Bearish Case:
- If price falls below $0.0500 and MA25 => retreat to $0.038 or even $0.02.
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Strategy Suggestions:
- Short-term: Monitor $0.053 – $0.061 range, wait for clear resistance breakout confirmation.
- Long-term: Dollar-cost average (DCA) in $0.035–$0.045 zone if price corrects deeply, targeting $0.09���$0.13.
1. Overall Trend:
- Strong downtrend from peak $0.20 to bottom $0.0208, followed by recovery.
- Price currently forming a cup and handle pattern — a bullish sign if it breaks out of the handle zone.
2. Resistance and Support Levels:
- Near-term Resistance:
- $0.0613 (24h high)
- $0.0907 (pre-dump zone)
- $0.1150 (large limit sell price)
- Strong Support:
- $0.0389 (MA25 line)
- $0.0208 (previous bottom)
3. Moving Averages (MA):
- MA7 ($0.0558) is above current price => warns of short-term correction.
- MA25 ($0.0389) acts as primary long-term support.
4. Volume:
- Trading volume surged significantly since early May => signals accumulation and capital inflow.
- However, clear profit-taking pressure is present.
5. Market Sentiment:
- Sell orders account for 52.04% vs. buy orders (47.96%) => market slightly bearish in the short term.
---
CONCLUSION & SCENARIOS:
Bullish Case:
- If price breaks $0.0613 with sustained volume => short-term targets: $0.09 – $0.115.
- Completion of cup-and-handle pattern => strong breakout possible.
Bearish Case:
- If price falls below $0.0500 and MA25 => retreat to $0.038 or even $0.02.
---
Strategy Suggestions:
- Short-term: Monitor $0.053 – $0.061 range, wait for clear resistance breakout confirmation.
- Long-term: Dollar-cost average (DCA) in $0.035–$0.045 zone if price corrects deeply, targeting $0.09���$0.13.
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