I’m going to bet big on LONG MUBARAK around the current price, but I already know it’s likely to get swept early.
MY VIEW
I’m leaning bullish over the next 4 hours, with medium confidence. Price is currently above the EMA20/EMA50 on the 15m and 1h charts, and also above the EMA20 on the 4h timeframe. If it breaks below 0,07055, the thesis is wrong and I will cut.
CONTEXT
The recent bounce came with increased volume. Price is also above VWAP 0,06927. Funding is 0,005% and OI is up 0,59%, meaning money is flowing in but not overly crowded yet.
4-HOUR SCENARIO
Sideways at 0,07116–0,07542: 49%. Breaks upward/extends: 23%. Breaks down: 28%. This is unadjusted historical frequency from 111 samples; about 95% is above the picture.
THE BET I’M MAKING
BET LONG 0,07320–0,07338. Hard SL at 0,07055. TP1 0,07826, TP2 0,08055. R:R after 0,16% fees are 1,7 and 2,5 respectively. Risk 0,5–1% of the account; if TP1 hits, take partial profits.
DATA
Binance candles have closed, updated at 11:59 UTC+7.
$MUBARAK #MUBARAK #TradingPlan #molang
Not investment advice.