$MUBARAK – MID-ZONE TEST, LIKELY BOUNCE AHEAD?
$MUBARAK USDT is trading at $0.0509 (-12.24%), sitting just above the key support of $0.0500. Price has pierced through MA(99) and is hovering at the MA(7) level. Although the trend is weak, 24h volume remains solid at 376.85M MUBARAK, suggesting a potential bounce setup is brewing.
TRADE SETUP – BOUNCE FROM DEMAND ZONE
Entry: $0.0502 – $0.0510
TP1: $0.0536
TP2: $0.0555
TP3: $0.0580
Stop-Loss: $0.0488
Outlook: Price is holding the last support block, and any high-volume reclaim above $0.0515 could trigger short-term recovery. Weak hands are likely shaken out; watch for a spring pattern.
PRO TIP: If a 15m candle closes above $0.0515 with strong volume, momentum buyers might rush in. Scalpers can target short bursts up toward $0.055+ range with tight stops.
