$MUBARAK /USDT: Bullish Rejection from Demand Zone - Are You Ready for the Next Rise?
The price of $MUBARAK /USDT on the chart shows a clear rebound from a previously tested demand zone around 0.0490-0.0495, proving it to be strong support. After a brief consolidation period, the market attempted a breakout, reaching its highest levels near 0.0523 before a slight pullback. The price is now stabilizing above the breakout zone and showing early signs of forming higher lows - a key bullish indicator.#MUBARAK
Trading Settings:
Entry: 0.0503
Take Profit (TP): 0.0523
Stop Loss (SL): 0.0482
Market Outlook:
As long as the support zone holds at 0.0495, bulls will remain in control. Watch for increased trading volume at the next breakout attempt. A breakout above 0.0523 could lead to a stronger rise.
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