$MUBARAK is showing some promising signs of recovery after hitting a low of $0.01414. The price has been steadily climbing and is now attempting to break out of a short-term consolidation pattern, sitting at $0.01833.
The overall structure suggests buyers are attempting to build a base here, and a clean break above the current range would signal a clear continuation of the rebound.
Long on a clear break and sustained close above the immediate resistance level. 🔹Entry: Confirmed 4H close above $0.01910 (24H high). 🔹Target 1 (T1): $0.02122 (Previous swing pivot) 🔹 Target 2 (T2): $0.02267 (Major resistance level) 🔹Stop-Loss (SL): A sustained close back below $0.01650 would invalidate the setup and suggest another test of the low.
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$MUBARAK is showing some promising signs of recovery after hitting a low of $0.01414. The price has been steadily climbing and is now attempting to break out of a short-term consolidation pattern, sitting at $0.01833.
The overall structure suggests buyers are attempting to build a base here, and a clean break above the current range would signal a clear continuation of the rebound.
Long on a clear break and sustained close above the immediate resistance level.
🔹Entry: Confirmed 4H close above $0.01910 (24H high).
🔹Target 1 (T1): $0.02122 (Previous swing pivot)
🔹 Target 2 (T2): $0.02267 (Major resistance level)
🔹Stop-Loss (SL): A sustained close back below $0.01650 would invalidate the setup and suggest another test of the low.
#MUBARAK #GregLens