Friends!! I’m going long on $MUBARAK , I’m sharing the trade in case you’re thinking the same 🤝
🟢 LONG - Confidence 85%
Entry: 0.0602
SL: 0.0583
TP1: 0.0625
TP2: 0.0646
TP3: 0.0666
After some crazy wicks and extreme volatility, it suddenly stalled and started compressing neatly. For 15 minutes, price made an orderly pullback and just bounced hard, holding on to the short EMA. On top of that, the fib pullback is in the golden zone 💰
I decided to go long because the structure is giving us an ideal support point after the purge. If you look closely, price came to test the 50 EMA, using it as a dynamic floor to stop the pullback and reject the selloffs. Along with that, the RSI settled in a healthy area at 59.18, giving us enough room to push a new bullish impulse without the risk of being overbought.
I’m taking the trade at this level because the R/R asymmetry is unbeatable; our SL at 0.0583 is secured below the moving average and the last consolidated local support. We’re risking only a minimal portion of capital to go after all the exposed liquidity that got cleaned out at the higher levels.
Basically, the strong hands already liquidated the overleveraged players with those previous whips, and now they’re building a solid base. They used the panic to absorb the sell orders on the pullbacks, and they’re quietly reloading long positions using dynamic support. The order flow turned buy-side again, the market stabilized, and we hop on the institutional momentum before price starts to explode again.
Follow me to see more trading content 👍
You can trade from here 👇👇
🟢 LONG - Confidence 85%
Entry: 0.0602
SL: 0.0583
TP1: 0.0625
TP2: 0.0646
TP3: 0.0666
After some crazy wicks and extreme volatility, it suddenly stalled and started compressing neatly. For 15 minutes, price made an orderly pullback and just bounced hard, holding on to the short EMA. On top of that, the fib pullback is in the golden zone 💰
I decided to go long because the structure is giving us an ideal support point after the purge. If you look closely, price came to test the 50 EMA, using it as a dynamic floor to stop the pullback and reject the selloffs. Along with that, the RSI settled in a healthy area at 59.18, giving us enough room to push a new bullish impulse without the risk of being overbought.
I’m taking the trade at this level because the R/R asymmetry is unbeatable; our SL at 0.0583 is secured below the moving average and the last consolidated local support. We’re risking only a minimal portion of capital to go after all the exposed liquidity that got cleaned out at the higher levels.
Basically, the strong hands already liquidated the overleveraged players with those previous whips, and now they’re building a solid base. They used the panic to absorb the sell orders on the pullbacks, and they’re quietly reloading long positions using dynamic support. The order flow turned buy-side again, the market stabilized, and we hop on the institutional momentum before price starts to explode again.
Follow me to see more trading content 👍
You can trade from here 👇👇
