$MBL is trading at $0.003452, showing a sharp rally with increased momentum. The price recently tested resistance at $0.003600 and is now consolidating. A breakout or breakdown from this level could signal the next major move.
Trade Setup:
Long Setup:
Entry: Above $0.003600 (Breakout confirmation)
Stop Loss (SL): $0.003300
Take Profit 1 (TP1): $0.003800
Take Profit 2 (TP2): $0.004000
Short Setup:
Entry: Below $0.003300 (Breakdown confirmation)
Stop Loss (SL): $0.003500
Take Profit 1 (TP1): $0.003100
Take Profit 2 (TP2): $0.002900
Technical Outlook:
The recent surge indicates strong buying pressure, but the price is approaching key resistance levels. A breakout above $0.003600 could lead to further upside, while a failure to hold current levels may trigger a pullback.
Traders should monitor volume closely for confirmation of either direction and maintain strict risk management with well-defined stop losses.
