MUBARAK sell/short setup (2H)Given the bearish CH in lower timeframes and the formation of a supply zone, a downward move is expected.
There is a liquidity pool and an order block at the bottom of the chart, and candles are expected to move downward toward this area soon.
The closure of a 4-hour candle above the invalidation level will invalidate this setup.
Do not enter the position without capital management and stop setting
Comment if you have any questions
thank you
MUBARAKUSDT
MUBARAKUSDT Hourly Technical AnalysisMUBARAKUSDT Hourly Technical Analysis
Mubarak Coin is currently in a recovery phase after being affected by Bitcoin’s decline. After forming support at 0.1288, it has reached the 0.1381 resistance level. At this level, it appears very close to the 21-day moving average. If it manages to stay above this average, the 0.1527 resistance level can be monitored. Indicators are currently in a positive state.
This meme coin is supported by CZ. It is currently being voted on for listing on the Binance exchange. While supporting this meme coin, CZ has been seen posting on his social media accounts wearing the traditional Arab attire featured in the coin’s symbol. In short, since there is a possibility that the MUBARAK coin may be listed on Binance in the future, the likelihood of positive price movements is high.
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MUBARAKUSDT Hourly Technical AnalysisMUBARAKUSDT Hourly Technical Analysis
Mubarak Meme Coin has shown a positive breakout in the 1-hour technical analysis, breaking above the 0.13552 resistance level. Currently, it has broken above the 0.15057 resistance and surged up to 0.16595 resistance, increasing the risk of potential profit-taking sales. If profit-taking occurs, a pullback towards the 21-day price average (around 0.45057) may happen. Indicators are at peak levels, and slight downward movements in a partially negative direction can be observed.
Changpeng Zhao (CZ) still supports this coin. A vote is currently ongoing for its listing on Binance, and the results will be announced soon. This movement is creating a positive sentiment for now. If the listing vote results are positive, it could positively impact the price.
NOT INVESTMENT ADVICE.
The information, comments, and recommendations provided here do not constitute investment advice. Investment advisory services are offered within the framework of an agreement between clients and brokerage firms, portfolio management companies, and non-deposit banks. The content on this page reflects only personal opinions. These views may not be suitable for your financial situation, risk tolerance, or return preferences. Therefore, investments should not be made based on the information and writings on this page.
To avoid missing our analyses of both positive and risky technical indicators, follow us and like our content—we would appreciate it!
MUBARAKUSDT Hourly Technical AnalysisMUBARAKUSDT Hourly Technical Analysis
In the 1-hour technical analysis of the newly listed Mubarak Meme Coin, it is moving at the same level as the 21-day price average. Indicators are positive, and the price is consolidating in a sideways range, fluctuating between 0.130 - 0.150.
This meme coin is supported by CZ and is currently undergoing a voting process on Binance. CZ has shown his support for this meme coin by wearing the traditional Arab outfit featured in the coin's symbol in his social media posts. In short, since MUBARAK coin has a potential chance of getting listed on Binance in the future, the probability of positive price movements is high.
THIS IS NOT INVESTMENT ADVICE.
The information, comments, and recommendations provided here do not constitute investment advice. Investment advisory services are offered within the framework of an investment advisory agreement signed between the investor and brokerage firms, portfolio management companies, or non-deposit banks. The content on this page reflects only personal opinions and may not be suitable for your financial situation, risk tolerance, or return expectations. Therefore, no investment decisions should be made based on the information and statements provided here.
To stay updated on our analyses with both positive and risky technical indicators, please follow and like our page. Your support is greatly appreciated!
Breaking: $MUBARAK Set for Trend Reversal Amidst 20% DipCreated on the Binance Smart chain network (BSC) $MUBARAK a coin that recently underwent a "Community Take Over (CTO)"is set for a trend reversal amidst the recent 20% dip that led the token to a falling wedge pattern.
With the RSI at 47 and momentum brewing, $MUBARAK is set for a massive surge if it should break pass the 38.2% Fibonacci retracement point as momentum kicks in.
Similarly, the 78.6% Fibonnaci price point is holding grounds as the support point should $MUBARAK face a moment of reprieve in the long run.
About Mubarak
CZ just subtly acknowledged that he’s Mubarak – a typical cryptic move from the Binance boss! Those who’ve followed CZ long enough know that when he shills like this, the chances of a Binance listing are sky-high. The Arab world, with their deep pockets, is ready to pump Mubarak to a $1 billion MC. This meme coin has now been taken over by the community, with the CTO pushing it hard – get ready for a big boom!
Mubarak Price Live Data
The live Mubarak price today is $0.128175 USD with a 24-hour trading volume of $316,755,028 USD. Mubarak is down 20.97% in the last 24 hours. The current CoinMarketCap ranking is #284, with a live market cap of $128,174,827 USD. It has a circulating supply of 1,000,000,000 MUBARAK coins and a max. supply of 1,000,000,000 MUBARAK coins.
Is MUBARAK still bullish? (15M)It is one of the meme coins that came to life with CZ's backing.
It has been listed in Binance Futures, and significant trading volume is building up on this meme coin.
After analyzing the chart, we have identified two low-risk rebuy levels, which are marked on the chart.
After entering, due to the high risk of this meme coin, make sure to secure profits (risk-free) at the first target.
A 15-minute candle closing below the invalidation level will invalidate this setup.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You