$MUBARAK just ripped from around $0.03 to $0.0478 and I'm not chasing this candle right now until it give a pullback
My first plan is still a pullback long around $0.0395 to $0.0415. If buyers defend that area I'll look for $0.0478 first then $0.0555 and $0.065
But there's another level I don't want to ignore
The monthly chart has resistance around $0.0555 to $0.056. So if MUBARAK never gives the long entry and instead runs straight into that area, I'll watch for a rejection there for a short with Targets 0.045,0.04 & below 0.035.
Long SL $0.0315
Short SL $0.0605
No blind short at resistance though 😅 I need sellers to actually show up first... Watch candles closing...
Let's see which setup the market gives us & how much we can make from this gem...
#MUBARAK
My first plan is still a pullback long around $0.0395 to $0.0415. If buyers defend that area I'll look for $0.0478 first then $0.0555 and $0.065
But there's another level I don't want to ignore
The monthly chart has resistance around $0.0555 to $0.056. So if MUBARAK never gives the long entry and instead runs straight into that area, I'll watch for a rejection there for a short with Targets 0.045,0.04 & below 0.035.
Long SL $0.0315
Short SL $0.0605
No blind short at resistance though 😅 I need sellers to actually show up first... Watch candles closing...
Let's see which setup the market gives us & how much we can make from this gem...
#MUBARAK
