$MUBARAK /USDT – BULLISH MOMENTUM BUILDING ABOVE KEY SUPPORT ZONE!
The $MUBARAK /USDT pair is showing early signs of a bullish breakout after reclaiming key short-term levels. Currently trading at $0.0359, the price has gained +7.49% in the last 24 hours, supported by strong volume (181.60M MUBARAK).
KEY LEVELS:
Support Zones:
$0.0345 (Near-term support)
$0.0328 (24h low & major base)
Resistance Levels:
$0.0365 (Immediate resistance)
$0.0385 (Next major target)
$0.0410 (Mid-term breakout zone)
CURRENT PRICE: $0.0359 (consolidating near resistance)
TRADE SETUP – LONG ENTRY:
Entry: $0.0355 – $0.0359 (current price zone)
Target 1 (TP1): $0.0365
Target 2 (TP2): $0.0385
Target 3 (TP3): $0.0410
Stop Loss (SL): $0.0345 (below key support)
MARKET OUTLOOK:
The pair is recovering from a recent 30-day drawdown of -25.05% and is now attempting to reverse the trend. A clean break and hold above $0.0365 could trigger further bullish continuation. Momentum is returning with fresh volume entering the market. However, watch for rejection at resistance.
RISK MANAGEMENT:
Only risk 1-2% of your capital per trade. Adjust position sizing based on SL distance. Stick to the plan and avoid emotional entries.
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