Quiet alpha: $MUBARAK is back on my radar.
Price is $0.0510, down 3.30% today, with $2.33M traded.
Not bullish yet.
The 4h chart is down 3.7%, RSI is 42, and volume is only 0.4x its 20d average. That quiet chop is exactly where I start watching, especially with mixed MAs and longs paying 0.005%. 👀
$BTC strength won’t fix weak rotation here. At $0.0500, I’d want buyers to defend before doing anything. ⚡
Would you enter $MUBARAK here or wait for a retest?
#MUBARAK #Trading
Price is $0.0510, down 3.30% today, with $2.33M traded.
Not bullish yet.
The 4h chart is down 3.7%, RSI is 42, and volume is only 0.4x its 20d average. That quiet chop is exactly where I start watching, especially with mixed MAs and longs paying 0.005%. 👀
$BTC strength won’t fix weak rotation here. At $0.0500, I’d want buyers to defend before doing anything. ⚡
Would you enter $MUBARAK here or wait for a retest?
#MUBARAK #Trading