$MUBARAK is making a serious move here 👀🔥 but the real question is whether this breakout can hold or turns into a sharp rejection.
On the 1D chart, price has broken strongly above the rising trendline and the previous 0.03095 area. The structure is clearly pushing higher with higher highs and higher lows, while today’s candle has already reached 0.06500.
The key level I’m watching now is around 0.04323. This was the trendline/breakout area, so holding above it would keep the breakout structure intact. Above that, 0.06500 is the immediate resistance, followed by roughly 0.06780.
For the bullish scenario, I’d want to see price hold above 0.043–0.044 after the breakout and then push back toward 0.065 and potentially 0.0678. If price loses that area and starts closing back below it, the breakout becomes questionable, with 0.03095 becoming an important level to watch.
At the current price, after such a strong daily move, I don’t see a clean low-risk entry on this screenshot alone, so I wouldn’t force an entry/SL/TP setup here. The next reaction around 0.043–0.065 is much more important.
Guys, follow for more chart analysis 😎 I’ll keep showing you exactly what the chart is telling us. 👀🔥
On the 1D chart, price has broken strongly above the rising trendline and the previous 0.03095 area. The structure is clearly pushing higher with higher highs and higher lows, while today’s candle has already reached 0.06500.
The key level I’m watching now is around 0.04323. This was the trendline/breakout area, so holding above it would keep the breakout structure intact. Above that, 0.06500 is the immediate resistance, followed by roughly 0.06780.
For the bullish scenario, I’d want to see price hold above 0.043–0.044 after the breakout and then push back toward 0.065 and potentially 0.0678. If price loses that area and starts closing back below it, the breakout becomes questionable, with 0.03095 becoming an important level to watch.
At the current price, after such a strong daily move, I don’t see a clean low-risk entry on this screenshot alone, so I wouldn’t force an entry/SL/TP setup here. The next reaction around 0.043–0.065 is much more important.
Guys, follow for more chart analysis 😎 I’ll keep showing you exactly what the chart is telling us. 👀🔥
