After a sharp move up to $0.0720 and a correction, #MUBARAK is now consolidating. On the daily chart, we see a solid recovery. On the 1H and 15M charts — price is ranging just below $0.0637, forming a potential setup.
Key Levels:
Support: 0.0528
Resistance: 0.0637, then 0.0720
Indicators:
MACD remains positive on 1D and 4H
Bollinger Bands are tightening on 15M — possible breakout setup
Volume is decreasing — a signal of market indecision
Trade Idea:
Aggressive Entry: On breakout above 0.0637 with volume, targeting 0.0720+
Conservative Entry: Wait for a confirmed breakout and retest of 0.0637
Stop-loss: Below 0.057–0.058 depending on entry zone
Risks:
Fakeout is possible after strong pump
Low volume might weaken breakout potential
High volatility — quick direction shifts can happen
Not financial advice. Always do your own research (DYOR).