$MUBARAK
๐ฅ MUBARAK | Is the coin on the way to resistance 0.088?
After combining the weekly frame with the 15-minute timeframe, the picture has become clearly positive. The price is trading near 0.0759 after a strong uptrend, and most importantly, it has broken through the 0.0702โ0.0731 zone, which was an important resistance area on the short timeframe.
๐ The bullish scenario:
If the price manages to break 0.0768 and close above it, that supports continuation of the rise toward: ๐ฏ 0.0785
๐ฏ 0.0820
๐ฏ 0.0880 โ the most important resistance on the weekly timeframe.
๐ข Best entry zones:
In case of a pullback, Iโm watching 0.0731โ0.0740 as the first zone, then 0.0702โ0.0710 as the stronger zone if the decline goes deeper.
๐ The bearish scenario:
If the price fails to break above 0.0768, it may push it to retest 0.0731; breaking it could open the way toward 0.0702 and then 0.0682.
Conclusion:
The current trend leans bullish, and as long as the price holds above 0.0702, the likelihood of the wave continuing toward 0.0880 remains strong. However, resistance at 0.0768 is the first real test for the next move.
#MUBARAK #Crypto #Binance #TechnicalAnalysis #DigitalCurrencies
๐ฅ MUBARAK | Is the coin on the way to resistance 0.088?
After combining the weekly frame with the 15-minute timeframe, the picture has become clearly positive. The price is trading near 0.0759 after a strong uptrend, and most importantly, it has broken through the 0.0702โ0.0731 zone, which was an important resistance area on the short timeframe.
๐ The bullish scenario:
If the price manages to break 0.0768 and close above it, that supports continuation of the rise toward: ๐ฏ 0.0785
๐ฏ 0.0820
๐ฏ 0.0880 โ the most important resistance on the weekly timeframe.
๐ข Best entry zones:
In case of a pullback, Iโm watching 0.0731โ0.0740 as the first zone, then 0.0702โ0.0710 as the stronger zone if the decline goes deeper.
๐ The bearish scenario:
If the price fails to break above 0.0768, it may push it to retest 0.0731; breaking it could open the way toward 0.0702 and then 0.0682.
Conclusion:
The current trend leans bullish, and as long as the price holds above 0.0702, the likelihood of the wave continuing toward 0.0880 remains strong. However, resistance at 0.0768 is the first real test for the next move.
#MUBARAK #Crypto #Binance #TechnicalAnalysis #DigitalCurrencies
