$MUBARAK is at 0.05282 today and I am passing on it
Volume is sitting at 0.7x the weekly average which tells me nobody is really funding this drift
Only 1.6M in 24h volume means liquidity is thin and getting out with size will hurt
I want to see an hourly close and hold above 0.05427 before I touch it
Or a clean pullback that holds 0.05130 and bounces hard
It could keep running without me and a bad entry costs more than a missed move
Chasing $MUBARAK here or waiting for 0.05130
#MUBARAK #RiskManagement
Volume is sitting at 0.7x the weekly average which tells me nobody is really funding this drift
Only 1.6M in 24h volume means liquidity is thin and getting out with size will hurt
I want to see an hourly close and hold above 0.05427 before I touch it
Or a clean pullback that holds 0.05130 and bounces hard
It could keep running without me and a bad entry costs more than a missed move
Chasing $MUBARAK here or waiting for 0.05130
#MUBARAK #RiskManagement