$MUBARAK Technical analysis onPrice Action & Trend:

Current price: 0.0263 USDT

24h High/Low: 0.0310 / 0.0249 — it's closer to the 24h low.

Price is below the middle Bollinger Band (0.0279) and nearing the lower band, indicating bearish pressure.

Overall, the trend seems downward or consolidating, with no strong reversal signals yet.

Indicators:

RSI (6): 38.59 — slightly bearish but not in oversold territory (<30 would be better for a bounce).

MACD: Negative and declining (MACD: -0.0001, Signal: -0.0009), suggesting ongoing downward momentum.

Stochastic RSI: Around 48.9 — neutral.

Williams %R: -74.5 — nearing oversold (< -80), but not a strong reversal signal yet.

OBV: Still trending down, suggesting selling volume dominance.

Volume:

Recent spikes in volume, but price is still not moving strongly upwards — suggests buying interest is weak.

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Conclusion:

Right now, it's not an ideal buy — the trend is still weak, and indicators do not confirm a strong bullish reversal yet. It would be better to wait for:

RSI to dip into oversold and curl upward.

MACD to flatten or start turning bullish.

Confirmation of price holding above support (~0.0250).

If you already hold it, you could set a tight stop-loss below 0.0245 and consider adding only on a confirmed bounce. Let me know your risk appetite or if you're scalping or holding longer — I can tailor the advice better.

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