$MUBARAK /USDT BULLISH SETUP – WATCH FOR SHORT-TERM UPSIDE
$MUBARAK is showing a nice intraday bounce of +4.94%, currently trading at $0.0340 after finding support near its recent low of $0.0306. Let’s analyze the technical setup:
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🔑 KEY LEVELS
Current Price: $0.0340
Resistance:
$0.0350 (24h high & immediate resistance)
$0.0400 (psychological level)
$0.0450 (next resistance zone)
Support:
$0.0306 (24h low)
$0.0290 (recent swing low)
$0.0250 (stronger historical support)
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📈 TRADE SETUP (LONG)
Entry Zone: $0.0330 – $0.0345 (current range)
Confirmation: Closing above $0.0350 on 1h or 4h with increased volume (~280M MUBARAK daily volume is supportive)
Targets (TP):
TP1: $0.0400
TP2: $0.0450
Stop Loss (SL): $0.0295 (below recent support)
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⚠️ RISK MANAGEMENT
Risk only 1-2% of your trading capital
Use tight stop loss to protect from volatility
Volume is high, watch for volume spikes for confirmation
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📊 Summary:
MUBARAK’s volume and bounce suggest buyers are stepping in at support. A clean break and hold above $0.0350 could open room toward $0.0400 and higher. Manage risk carefully due to recent volatility.
> Always DYOR before trading.
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