$MUBARAK – GEARING UP FROM A KEY DEMAND ZONE
$MUBARAK /USDT is currently trading at $0.0534 (-5.32%), retracing into a major support area while staying above the 7-day moving average (MA7 @ $0.0527). Despite the pullback, price action is stabilizing and hinting at a potential reversal. Volume remains high at 367.98M, suggesting smart money accumulation beneath the surface.
TRADE SETUP – POTENTIAL FOR A STRONG MOVE
Entry Zone: $0.0520 – $0.0535
Targets:
TP1: $0.0578
TP2: $0.0612
TP3: $0.0645
Stop-Loss: $0.0496
Outlook: Momentum is building. A break above $0.055 with solid volume could trigger a strong bullish move, signaling the return of buying pressure from oversold levels.
PRO TIP: Watch for a 15-minute bullish engulfing candle accompanied by rising volume. This is an ideal confirmation for risk-managed entries ahead of a potential breakout.