Hello everyone! 👋
Yesterday, based on a certain combination of possible main reasons, such as:
1️⃣ execution of a whole cascade of Retail Orders for 🔴Sale of Coin 〽️MUBARAK in the price range of $0.068 - $0.071;
2️⃣ insufficient inflows from Large and Retail Buyers of new Assets into the Market Capitalization of the Coin;
3️⃣ a series of sharp, thoughtless actions by some Traders, both beginners and others;
4️⃣ the relevance of the ongoing dependence on the trajectory of the movement of the Value of the Locomotive and Legislator of the World of Cryptographic Assets - BTC;
- it is possible that the previous accumulations in High Liquidity Zones were insufficient to overcome the important resistance level of $0.072.
In this regard, it is possible that the Value of the Coin could switch to the Mode of a proposed significant correction with the expected capture of new 🟢accumulations from support levels, over the determination of the numerical values of which my setup is currently working with Graphic AI supported by Dialog AI.
If most Traders believed in the Great opportunities and prospects of the MUBARAK Coin Project and, consequently, in the high indicators of its future Market Capitalization, such proposed significant corrections could have been avoided, despite the creation of this Coin in the Blockchain of the Binance Smart Chain (BSC), and as a result - its quite high degree of volatility.
*Please consider that even one decisive action by a Whale can partially or completely neutralize the validity of absolutely any forecasts and the most meticulous technical analyses.
**Dear colleagues, this opinion, reflecting possible certain events from the World of Cryptographic Assets and my thoughts, is not a trading advice, guide, or recommendation for action☝️
