Here is the professional technical analysis post based on the provided chart for MUBARAK/USDT:
💥 $MUBARAK USDT BULLISH BREAKOUT EYEING NEW HIGHS 🚀
Market Move:
$MUBARAKUSDT has broken out above its recent resistance with strong bullish candles, suggesting continuation towards higher targets if momentum sustains.
🔑 Key Levels:
Support: $0.03488
Immediate Resistance: $0.03577
Major Resistance Zone: $0.03578 – $0.03596
Current Price: $0.03528
📈 Trade Setup (Long Entry):
Entry Zone: $0.03520 – $0.03540
Targets:
TP1: $0.03577
TP2: $0.03596
Stop Loss: $0.03488
🔍 Market Outlook:
The price structure indicates bullish strength with a clean breakout. Sustaining above $0.03540 will fuel further upside towards the major resistance zone, where sellers may attempt a reaction.
⚠️ Risk Management:
Use strict SL at $0.03488 with position sizing not exceeding 2-3% risk per trade to protect capital during volatile moves.
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👉 Comment 🚀 if you caught this breakout or are looking to enter! Stay focused and trade with discipline.
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