🔥 MUBARAK at the highs: overheating or continuation?
1H: a strong impulse 0,028 → 0,056 (+64% per day). The price is far above EMA21/50/99, the trend is bullish, but the overheating is already extreme.
📊 Indicators:
RSI6 — 94.6 | RSI14 — 86.3 | StochRSI — 96.7.
MACD remains positive, but the histogram is slowing down. Volume after the peak is decreasing—first signs of consolidation.
🔻 Main scenario — SHORT
Entry:
• Aggressive: 0.0555–0.0560
• Conservative: 0.0538–0.0545 after a retest
🛑 SL: 0.0578–0.0585
🎯 TP:
1️⃣ 0.0495–0.0500
2️⃣ 0.0455–0.0460
3️⃣ 0.0410–0.0420
The idea works as long as the price does not hold above 0.0585 on volume. Then the short scenario is canceled.
Trading 👉$MUBARAK
1H: a strong impulse 0,028 → 0,056 (+64% per day). The price is far above EMA21/50/99, the trend is bullish, but the overheating is already extreme.
📊 Indicators:
RSI6 — 94.6 | RSI14 — 86.3 | StochRSI — 96.7.
MACD remains positive, but the histogram is slowing down. Volume after the peak is decreasing—first signs of consolidation.
🔻 Main scenario — SHORT
Entry:
• Aggressive: 0.0555–0.0560
• Conservative: 0.0538–0.0545 after a retest
🛑 SL: 0.0578–0.0585
🎯 TP:
1️⃣ 0.0495–0.0500
2️⃣ 0.0455–0.0460
3️⃣ 0.0410–0.0420
The idea works as long as the price does not hold above 0.0585 on volume. Then the short scenario is canceled.
Trading 👉$MUBARAK
