MUBARAK Technical Analysis: Bullish Momentum
MUBARAK (MUBARAK/USDT) has demonstrated strong bullish momentum, rallying +11.35% from $0.0423 to $0.0471 with significant volume (364M+). Following this breakout, the price is consolidating below the recent high, suggesting potential for further upward movement.
Trading Strategy:
* Entry Zone: $0.0465 - $0.0470
* Target Price 1 (TP1): $0.0485
* Target Price 2 (TP2): $0.0500
* Stop-Loss (SL): Below $0.0442
Rationale:
Sustained healthy volume and a pattern of higher lows indicate bullish continuation. A decisive break above $0.0471 could trigger rapid price appreciation towards the $0.0500 level and beyond. This setup remains active and warrants close monitoring.