MUBARAK: BREAKOUT OR REJECTION? ๐
MUBARAK just pushed into a zone where the next 4H close could decide the trade.
$MUBARAK is around $0.07357 on the 4H chart, up strongly after a sharp volume expansion. Price is well above MA7 at $0.05690, MA25 at $0.04042 and MA99 at $0.03252, confirming a strong momentum structure. Recent reporting also shows MUBARAK gained more than 50% in 24 hours on September 22.
But momentum is extended. Immediate resistance is the $0.07527 high, with $0.07737 above it. A clean 4H close above $0.07527 with sustained volume could open the next leg higher.
๐ข LONG PLAN
Entry: $0.0690โ$0.0710 retest
TP1: $0.0752
TP2: $0.0773
TP3: $0.0820
SL: $0.0665
$MUBARAK
๐ด SHORT PLAN
Entry: $0.0745โ$0.0753 rejection
TP1: $0.0715
TP2: $0.0680
TP3: $0.0630
SL: $0.0782
My take: I would not chase a vertical candle here. I want either a confirmed breakout or a clean retest before entering. Which setup are you watching: breakout long or rejection short?
#AIStocksWhatNext #MUBARAK #Write2Earn
MUBARAK just pushed into a zone where the next 4H close could decide the trade.
$MUBARAK is around $0.07357 on the 4H chart, up strongly after a sharp volume expansion. Price is well above MA7 at $0.05690, MA25 at $0.04042 and MA99 at $0.03252, confirming a strong momentum structure. Recent reporting also shows MUBARAK gained more than 50% in 24 hours on September 22.
But momentum is extended. Immediate resistance is the $0.07527 high, with $0.07737 above it. A clean 4H close above $0.07527 with sustained volume could open the next leg higher.
๐ข LONG PLAN
Entry: $0.0690โ$0.0710 retest
TP1: $0.0752
TP2: $0.0773
TP3: $0.0820
SL: $0.0665
$MUBARAK
๐ด SHORT PLAN
Entry: $0.0745โ$0.0753 rejection
TP1: $0.0715
TP2: $0.0680
TP3: $0.0630
SL: $0.0782
My take: I would not chase a vertical candle here. I want either a confirmed breakout or a clean retest before entering. Which setup are you watching: breakout long or rejection short?
#AIStocksWhatNext #MUBARAK #Write2Earn
