$MUBARAK $MUBARAK | A rebound worth watching.
The hourly chart shows a sharp recovery from $0.03852, accompanied by a noticeable pickup in trading volume. The broader daily trend, however, remains under pressure.
My immediate focus is $0.04377, the recent high. A sustained move above it would strengthen the recovery attempt, with the $0.0440–$0.0443 area next in view.
I’m also watching whether pullbacks can hold around $0.0410–$0.0417. Building support there would be more constructive than a brief breakout that quickly fades.
Short-term momentum has improved. A broader reversal still needs confirmation.
#MUBARAK
The hourly chart shows a sharp recovery from $0.03852, accompanied by a noticeable pickup in trading volume. The broader daily trend, however, remains under pressure.
My immediate focus is $0.04377, the recent high. A sustained move above it would strengthen the recovery attempt, with the $0.0440–$0.0443 area next in view.
I’m also watching whether pullbacks can hold around $0.0410–$0.0417. Building support there would be more constructive than a brief breakout that quickly fades.
Short-term momentum has improved. A broader reversal still needs confirmation.
#MUBARAK
