$MBL MBL/USDT Analysis and Prediction

Technical Analysis Overview:

1. Current Price: $0.003308 (+5.86% in 24 hours).

2. 24H High/Low: $0.003535 (high) / $0.003039 (low).

3. Trend Indicators:

Strong upward momentum observed with a sharp spike to $0.003535.

Consolidation underway, suggesting potential continuation or retracement.

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Prediction and Trading Strategy:

Bullish Scenario (Continuation of Uptrend):

Entry Point for Long: $0.00325–$0.00330 (on pullback).

Target Levels:

First Target: $0.00350 (24H high retest).

Second Target: $0.00360–$0.00365 (next resistance zone).

Stretch Target: $0.00375 (if momentum sustains).

Stop Loss: Below $0.00320.

Bearish Scenario (Correction or Reversal):

Entry Point for Short: $0.00345–$0.00350 (if price fails to break the high).

Target Levels:

First Target: $0.00320 (near-term support).

Second Target: $0.00310–$0.00305 (recent low).

Stop Loss: Above $0.00355.

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Observations:

Volume: Spiked during the breakout but declining slightly, indicating consolidation.

MACD: Shows bullish momentum, but traders should watch for any divergence signaling a reversal.

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Risk Management:

Allocate 2–3% of your portfolio for this trade.

Use trailing stop-loss orders to secure profits in case of continued volatility.

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Final Note:

Monitor closely for confirmation of the breakout above $0.00350 or rejection at resistance. Adjust your positions based on market sentiment and volume.

Let me know if you need a deeper analysis or additional charts!

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