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$MUBARAK : Correction after the pump — taking the long out of the Discount zone!
On 4H and 1H, a strong bullish trend (Bullish) remains, with confirmed BOS and CHoCH. The local break on 15M is not a reversal of the market, but a natural deep correction to cover the imbalance.
The current decline aims to fill inefficiency zones (Imbalance) and test key bullish order blocks in the Discount zone of higher timeframes. This area concentrates the maximum buyer liquidity.
🎯 Trading plan (Long):
📍 Entry: $0.01780 — $0.01880 (retest of OB + 4H/1H Discount zone)
🎯 TP1: $0.02400 (local high / take-profit)
🎯 TP2: $0.02800 (break above the local high — HH)
🛑 SL: $0.01690 (beyond the protected order-block boundary)
⚠️ Upon reaching TP1, it is mandatory to take partial profits and move the stop loss to BE. Not an individual investment recommendation.
💬 Do you buy into this correction via
$MUBARAK , or do you wait for the price to go even lower? Share in the comments! 👇
#MUBARAK #cryptotrading #priceaction #long