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Strong buying momentum and long-term trading strategy
The MBOX stock has seen a strong rise with strong momentum. Buyers entered aggressively, and the chart shows strength after a clear breakout from the lower range.
Here’s an easy-to-follow trading strategy:
Timeframe: One hour
Support area: $0.0500 - $0.0510
Entry range: $0.0510 - $0.0530
Target 1: $0.0570
Target 2: $0.0595
Stop loss: Below $0.0480
If the price stabilizes above $0.051 and continues to gain trading volume, we might witness another breakout wave. Watch for strong candles and dips near the support area for entry.