📊 $MUBARAK /USDT Technical Analysis – Reversal in Play
Current Price: $0.0317
24H Change: +12.01%
RSI (6): 60.64 – Momentum turning bullish
Volume Spike: 553.7K (Indicates increased interest)
🔍 Chart Observations:
✅ Price has bounced from a recent low of $0.0276, forming a double bottom pattern, which is bullish.
✅ RSI rising above 60 = momentum shifting to buyers.
✅ Price trying to break the $0.0320 resistance zone. A clean breakout could trigger more upside.
📈 Trade Setup:
✅ Entry Zone:
Conservative: $0.0300 – $0.0317 (current breakout attempt)
Aggressive: On confirmed breakout above $0.0325
🎯 Take-Profit (TP) Targets:
TP1: $0.0355 (Recent minor resistance)
TP2: $0.0380 (Previous structure top)
TP3: $0.0435 (Major resistance)
🛡️ Stop-Loss (SL):
SL below $0.0275 (Invalidation of breakout structure)
📌 Strategy Summary:
Momentum is building; volume and RSI support a potential short-term pump.
Watch $0.0324 level closely – breakout here may bring fast gains.
Risk management is key. Use proper SL.