Crypto MOBUSDT Caution Advised Manipulation Lead to Downward
Greetings, Traders!
🌟 Hello everyone,
It's important to exercise caution with MOBUSDT as recent price movements suggest potential manipulation, leading to a sharp 100% increase. However, this may not be sustainable, and a downward movement could deplete capital.
BINANCE:MOBUSDT
Key Observations:
- MOBUSDT has experienced a rapid and unprecedented 100% increase, indicating potential manipulation in the market.
- Traders should be wary of entering long positions at this time, as the price surge may not be based on genuine market demand or fundamentals.
- It's crucial to closely monitor MOBUSDT for signs of a reversal or correction, as entering long positions under current conditions could result in significant losses.
Technical Analysis:
Technical indicators may provide insights into the extent of manipulation and the likelihood of a downward movement in MOBUSDT. Traders should pay attention to key support levels and reversal patterns.
Fundamental Factors:
While fundamentals may have contributed to MOBUSDT's initial price increase, the rapid and unsustainable nature of the surge suggests underlying manipulation rather than genuine market demand.
Trading Strategies:
Given the potential for a downward movement in MOBUSDT, traders may consider adopting a cautious approach and avoiding long positions until there is more clarity in the market. Short-term trading strategies or staying on the sidelines may be prudent.
In Conclusion:
With MOBUSDT exhibiting signs of manipulation and a potential downward movement looming, traders should exercise caution and avoid entering long positions blindly. It's essential to prioritize capital preservation and wait for more favorable trading conditions.
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MOBPERP trade ideas
MOB AND eUSDAccording to the chart
The currency reached an oversold peak at 0.50 cents
Now, any closing above the downward trend line in the red box
Wait for the stated goals
What after the collapse 99%The general trend: downwards since the currency decided to enter the market
Drop percentage: 99% all the time
Is 0.51 cent the bottom?
Is the yellow line the downtrend line that will be breached?
Will the five waves be as evident?
We monitor the breach of the downtrend area in any coming day, then log in
Currently no registration above $1.08
During the coming days and closing above it, the pattern continues
Caution must be taken, as this is just a personal opinion and is not considered a recommendation to buy or sell
MOBILECOIN range pattern and more gain expected 💣🚀Hello 🐋
Based on the chart, the price is close to the support area and channel support ✔️
if
the price doesn't break the support zone to the downside, we can see more gain in long term 💣🚀
otherwise
we can see more correction ❌🧨
and
more range market is great possibility too 📖💡
👌 Notice: pay attention to the price on shortcut chart (located above the main chart with black colour) 📖💡
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
MOBILE COIN or MOB now active on single Appthis is huge and honestly going to b a big deal as the Single Native Token that works with their app and wallet. What I dont like is the greed factor of these projects that have no business having a non stable coin as the utility lever for the project. Would you HODL a bunch of StormX or MOB coin just cuz. ie if you need to interact on these platforms you need these coins but you dont want to sit on a bunch if the price can just bottom on you. ie this becomes a bull market utility coin only and makes it so everyone else is just passing through ie buy9ing the exact amount needed and no more due to volatility issues.
all in all this is super cool and interesting I just wish they had a second token that reflected 1USD or something for the utility part ie i would sit on a bunch of MOB coin ie get paid in it etc if I knew the price wasnt subject to huge volatility ie what if I dont want to watch MOB coin everyday and just want the utility here....
If the single app wallet looks to support additional tokens lets hope its a BTC ETH and a bunch of stable coin options would be the smart move here
I must say that without looking at the project or tokenomics that from a Utility and T and A standpoint MOB coin under 1 usd seems like a no brainer here
Mobilecoin to $65 (for starters)…On the above 1-day chart price action has corrected almost 90% since early April. A number of reasons now exist to be bullish, including:
1) The multiple buy signals during the consolidation period.
2) Price action is printing higher lows, no higher higher high yet.
3) On the 6-day chart (below) there is huge buying pressure following the ascending triangle breakout - excellent.
4) RSI is trending within a ascending triangle formation with the apex by the year end. According to Bulkowski a breakout typically occurs 64% of the way into the formation, by December 15th then!
On a fundamental note:
“MobileCoin is designed so that a mobile messaging application like WhatsApp, Facebook Messenger, or Signal can integrate with a MobileCoin wallet.
MobileCoin was developed using the Stellar Consensus Protocol, which is a Proof of Reputation protocol. The intention of the developers was to create an end-to-end encrypted ecosystem similar to the messaging apps Signal and WhatsApp, both of which use the Signal protocol that was developed by Marlinspike.
It’s important to note that the Stellar Consensus Protocol is not the same as the Stellar Network. While the Stellar Network runs on the Stellar Consensus Protocol, it is a separate implementation to that used by MobileCoin. However, MobileCoin does use the Stellar blockchain because of its speed and efficiency.”
Read all about here: www.coinbureau.com
A blazingly fast, private, secure, payment method on your phone integrated on popular messaging apps whilst all on Stellar network that has patterned with IBM. You’ve got my attention!
Is it possible price action falls? Sure.
Is it probable? Unlikely. A buy from <$14. Don’t bother if it drops below $10.
Good luck!
WW
6-day chart - buying pressure