Trade Signal: $MBL (MovieBloc)
MBL has surged to $0.002402, forming a strong bullish candle that breaks out from its recent consolidation on the 1-hour chart. The upward move is supported by rising volume, indicating robust buyer interest. Maintaining a hold above $0.00240 is critical to sustain momentum and pave the way toward recent high levels.
Long Position Setup
Entry Zone: $0.002390 – $0.002410
Stop Loss: $0.002360
Take Profit Levels:
Target 1: $0.002430
Target 2: $0.002460
Target 3: $0.002500
Technical Outlook: Momentum currently favors the bulls, with volume confirming the strength of this breakout. Watch for a clear breakout and 1-hour candle close above $0.002423 to validate trend continuation before entering. Employ prudent risk management and position sizing.