$MUBARAK
It's now at 0.0723, up 7.77% over the past 24 hours. I saw some news about a rebound; let's talk about it: these red candles after a sharp oversold drop look promising, but we shouldn't get carried away by the excitement. Trading volume is around 10.56M, and the price is already near the psychological level of 0.075; above that, every additional cent could meet with trapped positions. Let's open the token page and first see whether there's support on a 1-hour pullback to 0.070; then, check whether the buy and sell order books suddenly thicken near 0.075. If volume drops to 7M, the rebound could easily lose momentum. Right now, what it needs most isn't someone announcing another target, but proof that buyers show up on a pullback. Historically, in recoveries following sharp drops like this, the first bullish candle usually serves only to restore confidence; it's the second pullback that shows whether the move is genuine. I'd use 0.068 as a protection level: if it manages to stay above 0.075, I'd keep watching; if it falls below 0.068, I'd step aside for now and wait for the structure to reorganize. There's no need to rush right now; if we can respect the invalidation level, there will be plenty of other, clearer opportunities later.
It's now at 0.0723, up 7.77% over the past 24 hours. I saw some news about a rebound; let's talk about it: these red candles after a sharp oversold drop look promising, but we shouldn't get carried away by the excitement. Trading volume is around 10.56M, and the price is already near the psychological level of 0.075; above that, every additional cent could meet with trapped positions. Let's open the token page and first see whether there's support on a 1-hour pullback to 0.070; then, check whether the buy and sell order books suddenly thicken near 0.075. If volume drops to 7M, the rebound could easily lose momentum. Right now, what it needs most isn't someone announcing another target, but proof that buyers show up on a pullback. Historically, in recoveries following sharp drops like this, the first bullish candle usually serves only to restore confidence; it's the second pullback that shows whether the move is genuine. I'd use 0.068 as a protection level: if it manages to stay above 0.075, I'd keep watching; if it falls below 0.068, I'd step aside for now and wait for the structure to reorganize. There's no need to rush right now; if we can respect the invalidation level, there will be plenty of other, clearer opportunities later.