$MUBARAK /USDT
📊 MUBARAK/USDT Overview
Current Price: $0.03587
24h Change: -3.24%
24h High / Low: $0.03857 / $0.03558
24h Volume:
MUBARAK: 178.18M
USDT: $6.60M
Trend: Slight downtrend, but holding above support
Exchange: Binance (assumed based on format)
🔍 Trade Setup Ideas
✅ Range Buy (Bounce from Support)
Entry Zone: $0.03558 – $0.03587
Stop-Loss: Below $0.03480
Take Profit Targets:
TP1: $0.03739
TP2: $0.03940
TP3: $0.03999
Ideal setup if you see bullish reversal candles (e.g., hammer, bullish engulfing) on the 15m or 1h chart and holding above $0.0355 with volume increase.
❌ Breakdown Short (Bear Continuation)
Entry: On breakdown below $0.03480
Stop-Loss: Above $0.03587
Targets:
TP1: $0.03220
TP2: $0.02961
TP3: $0.02760 – $0.02701
Only enter short if volume rises during breakdown and no strong buying reaction from support.
🧠 Technical Observations
Support Zones: $0.03558, $0.03480, $0.03220
Resistance Zones: $0.03739, $0.03940, $0.03999
Volume: Moderate, allowing for short-term trades but not heavy leverage
Price Action: Compressing in a tight range — preparing for a move
⚠️ Watch for:
Reversal Candle on 1H or 4H → good entry for bounce long
Break below $0.03480 with red volume = high risk of further drop
If BTC or ETH rallies, MUBARAK might bounce with it
📌 Trade Summary
Strategy TypeEntry ZoneStop LossTarget LevelsBounce Long$0.03558 – $0.03587< $0.03480$0.03739 / $0.03940 / $0.03999Breakdown Short< $0.03480> $0.03587$0.03220 / $0.02961 / $0.02760
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