Technical Analysis: MUBARAK/USDT — Swing Trade Outlook
Date: 20/05/2025
Platform: Binance
Pair: MUBARAK/USDT
Current Price: $0.0616
Variation in the last 24h: +23.69%
1. Technical Context
The MUBARAK/USDT pair shows buyer strength after a strong reversal candle and recovery above the short-term moving averages. The asset presents:
RSI(6) at 67.85, close to the overbought zone, but still with room to stretch to 70~75.
Increasing volume, signaling institutional entry or significant retail movement.
MA(7) crossing above MA(25) — a typical reversal signal for an upward trend in the short term.
On the daily chart, the price has surpassed the previous resistance of $0.0530 and now faces the range of $0.0637 as the next obstacle. Breaking this level could lead the price to the previous high at $0.0720.
2. Swing Trade Strategy (Spot)
Suggested Entry:
Wait for a technical pullback for a safer entry. Ideal buying zone: between $0.0535 - $0.0560, which is a recent support zone.
Stop Loss:
-5% from the entry. E.g., entry at $0.0550 → stop at $0.0522.
Targets (Take Profit):
Target 1: $0.0637 (immediate resistance)
Target 2: $0.0720 (previous high)
Target 3: $0.0800 (Fibonacci expansion and possible speculative target)
3. Bottom Buying Strategy (Spot - Accumulation)
For those looking to accumulate in the spot with a medium/long-term focus:
Interesting bottom zone: between $0.0315 - $0.0422
This region shows strong technical support and was a previous reversal point.
Ideal for doing DCA (Dollar-Cost Averaging) or a single purchase with a good margin of safety
4. Final Considerations
MUBARAK shows signs of strength and may offer good swing trade opportunities in the coming days. However, due to its high volatility and speculative profile, it is crucial to respect stop levels and maintain strict risk management.
Disclaimer:
This analysis does not constitute a buy or sell recommendation. The decision to enter the market and open a position should be yours.