MUBARAK /USDT is rapidly advancing – bullish consolidation near the local peak!
$MUBARAK up by 13.52% today, currently trading at $0.0445, and consolidating just below the daily peak of $0.0450. After bouncing from a low of $0.0373, the token has formed a clear upward trend with strong volume support, showing signs of continuation towards the next resistance levels.
Trade Setup (Long):
Entry Price: $0.0430 – $0.0445
Target 1: $0.0470
Target 2: $0.0500
Stop Loss: $0.0405
Why Long?
The chart shows the formation of higher lows on a 15-minute timeframe, with bullish candles closing above the secondary resistance. The increases in volume around the $0.042 support confirm buyer strength. A breakout above $0.0450 could trigger new bullish momentum towards the psychological area of $0.0500.
Risk Management Advice:
Protect profits by trailing the stop loss once the price exceeds $0.0460. Avoid chasing if the entry area is missed — wait for a retest.
Don’t let this breakout pass you by — enter wisely, and exit wealthy!
Enjoy the momentum before it fades — profits favor the brave!
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