$MUBARAK /USDT Alert from an Uptrend 💯 🔥
Technical Analysis - Bullish Stability Before a Possible Breakout!
The price of $MUBARAK is currently stabilizing at $0.03980 after recovering the short-term support level. The price has formed a narrow range between $0.03880 and $0.04150, indicating accumulation in prices. A breakout above $0.04150 may lead to an uptrend with increasing support from trading volume on lower time frames.
Trading Setup (Buy):
Entry Price: $0.03960 - $0.04050
Target 1: $0.04250
Target 2: $0.04500
Stop Loss: $0.03770
Why Buy?
After the price stabilized at $0.03740, bulls defended the price structure and absorbed the selling pressure. With the resistance level at $0.04150 being tested again and the Stochastic indicators turning upwards, any breakout could lead to a new impulsive wave targeting higher areas.
Risk Management Advice:
Use tight stop-loss orders and monitor the support level at $0.03800 - losing it invalidates the plan. Follow stop-loss orders once the price exceeds $0.04150.
Don’t let this breakout pass without taking advantage of it - enter smartly and exit wealthy!
Seize the opportunity before momentum fades - profits favor the brave!