$MUBARAK
TRADE IDEA BY AVS #3.
Ticker: $MUBARAK.
Type: Buy/Long.
Duration: Swing Trade.
Entry: Current Market Price (CMP), with possible DCA entry.
Invalidation: Below daily low (0.08).
Target: 0.2, 0.23, 0.3, 0.4.
Thesis: Possible reversal, BNB ecosystem on a hot run.
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Please understand that this post is purely an internal analysis and should not be considered as investment advice, a recommendation, or an invitation to buy or sell. We, from Akademi Crypto, are not affiliated with or invested in any of the projects mentioned. This post is solely for internal analysis purposes.
Any cryptocurrency asset other than Bitcoin carries very high risk. An ideal portfolio should consist of 70% Bitcoin, with a maximum of 3% allocated to any Altcoin to mitigate potential volatility. Always risk only 1% per trade. Additionally, a minimum of 10% cash allocation in the portfolio should be maintained.
After an asset increases by 100%, it is advisable to apply the "moobang strategy" by selling 50% of the position and letting the remaining position run as profit (let the profits run). For beginners who have been in crypto for less than a year, it is strongly advised not to trade with leverage.
Only use cold funds for crypto investments due to the potential for significant gains as well as substantial risks. No party can guarantee the outcome of crypto transactions. Crypto assets move rapidly and are highly volatile, so it is crucial to be aware of extreme price fluctuations in a short period when making investment decisions.
Data source: Akademi Crypto Via TradingView.
