Is $MUBARAK on track for a fiery rebound? Here’s a strategy that could double your profits
Current technical situation #MUBARAKUSDT
Current price 00423
Daily decline 764 percent
RSI at 397 close to oversold, an enticing entry opportunity
Bollinger Bands price has rebounded from the lower limit, a technical rebound is expected
MACD downward momentum is slowing, a positive signal for the beginning of a reversal
An enticing trading strategy for smart speculation
Ideal entry zones
From 00400 to 00420
Buy confirmation upon breaking 00435 with a strong candle and rising volume
Short-term targets
First target 0048
Second target 0053
Third target optional 0060 if momentum continues
Proposed stop loss
Below 00390 to avoid breaking the last support
Type of trade
Spot or small contracts with light leverage for risk management professionals
Dividing capital over multiple entry points increases the chances of success
A question for the smart audience
Do you think MUBARAK will rebound and attack the previous peak 00720
Or will we witness a retest of the 0037 areas?
Share your analysis in the comments
