$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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