Looking at MUBARAK's recent trend, on the 15-minute chart, a bearish trend has already been established, covering approximately 2000 candles. The current price is around 0.01992, down about 0.50% from the trend start point.
From a technical perspective, my tracking line is set at 0.02029, which serves as a reference for a dynamic stop-loss—although the price has long since fallen below it and has now diverged from this line.
The key support levels are at 0.01921, 0.01856, and 0.01816, with resistance above at 0.02149. From the pattern, in the early stage of the trend, the price is still below the key line. Theoretically, one can look for opportunities following the trend, but only if you keep a close eye on the tracking line for defense.
It’s important to be cautious that the price has already moved more than 1 ATR away from the trend line, which makes a technical rebound very likely. Additionally, the first support below is a bit distant, so if a rebound occurs, it could be quite fierce. Overall, it’s crucial to stay in rhythm and avoid being caught off guard by a sudden counterattack.
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RatioHunter
· 01-08 05:20
Oh my, this rebound really needs to be watched carefully. I'm just worried about a sudden V-shaped reversal trapping me.
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TerraNeverForget
· 01-08 03:23
Oh no, I have to keep a close eye on the market again. Once this rebound starts, it could really scare people to death.
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MUBARAK's recent short position is indeed aggressive, but I'm still a bit worried about being caught in a rebound.
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The tracking line has already been broken through. Now let's see if we can hold the 0.01921 line.
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An ATR range away, this rebound is indeed getting close. Be careful.
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No problem with the shorts, just worried about being caught off guard if the rhythm isn't well managed.
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With so many support levels, a rebound will definitely be fierce. Brothers going long should be cautious.
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The trend looks good in the early stages, but the key is to maintain good defense. Don't get wiped out by a single rebound.
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Is the resistance at 0.02149 really that solid? It feels like it could be broken at any time.
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NonFungibleDegen
· 01-05 05:51
ngl this mubarak dump is giving me serious "probably nothing" vibes rn... watching it bleed past 0.02029 like my portfolio every thursday, ser
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NightAirdropper
· 01-05 05:51
It's the same old trick with the tracking lines. We've already broken below and you're still holding on for what?
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ConsensusDissenter
· 01-05 05:24
The short position hasn't broken the 2000 K-line support yet. This is playing with fire. When the rebound occurs, it will probably be time to harvest.
Looking at MUBARAK's recent trend, on the 15-minute chart, a bearish trend has already been established, covering approximately 2000 candles. The current price is around 0.01992, down about 0.50% from the trend start point.
From a technical perspective, my tracking line is set at 0.02029, which serves as a reference for a dynamic stop-loss—although the price has long since fallen below it and has now diverged from this line.
The key support levels are at 0.01921, 0.01856, and 0.01816, with resistance above at 0.02149. From the pattern, in the early stage of the trend, the price is still below the key line. Theoretically, one can look for opportunities following the trend, but only if you keep a close eye on the tracking line for defense.
It’s important to be cautious that the price has already moved more than 1 ATR away from the trend line, which makes a technical rebound very likely. Additionally, the first support below is a bit distant, so if a rebound occurs, it could be quite fierce. Overall, it’s crucial to stay in rhythm and avoid being caught off guard by a sudden counterattack.