$MUBARAK DECISION ZONE AHEAD: BREAKOUT OR DEEPER PULLBACK?
MUBARAK is currently trading at $0.0517, showing a modest +5.08% intraday gain. However, the price is hovering near a tight cluster of lower highs, signaling indecision between bulls and bears. The next few candles could determine short-term direction.
Key Price Levels to Watch
Resistance Zones:
• $0.0528 – Immediate overhead resistance
• $0.0534 – Minor supply zone
• $0.0543 – Strong breakout zone (if cleared, momentum could surge)
Support Zones:
• $0.0512 – Immediate support
• $0.0500 – Major psychological and technical support
Trade Setup: Prepare for a Sharp Move
Bullish Scenario:
• Entry Trigger: Break and hold above $0.0528
• Target 1 (TP1): $0.0534
• Target 2 (TP2): $0.0543
• Stop-Loss: Below $0.0510
Bearish Scenario:
• Entry Trigger: Break below $0.0512 with volume
• Target 1 (TP1): $0.0500
• Target 2 (TP2): $0.0485
• Stop-Loss: Above $0.0520
Stay alert—price is coiling within a narrow range and could snap soon. A breakout candle on volume will likely decide the next leg.