Trend Analysis
$MUBARAK
The current trend is strongly bullish in the short term.
The price has broken through the Moving Averages (MA7, MA25, and MA99).
The RSI(6) is at 89.52, indicating that the asset is in an extreme overbought zone.
Attention: Parabolic movements like this often experience quick corrections to test previous supports before continuing to rise.
## Trading Strategy
As the price has already risen significantly (+26.15%), entering now is risky. The ideal is to wait for a small pullback.
Entry Zone (Pullback): Between 0.01760 and 0.01820 (near the yellow MA7).
Stop Loss (SL): Below 0.01650 (near the previous support to avoid liquidation in case of reversal).
Profit Targets (Take Profit):
TP1: 0.01990 (Recent top/Psychological resistance)
TP2: 0.02150 (Fibonacci expansion)
TP3: 0.02300 (Seeking a new high)
## Tips to Protect Your Capital
Trading assets with the label "Seed" on Binance involves high volatility. Follow these golden rules:
Break-even Rule: As soon as the price reaches TP1, move your Stop Loss to your entry price. This way, if the market drops, you exit at break-even without loss.
Partial Exit: Don’t try to hit the maximum top. Sell 50% of the position at TP1 and let the rest "ride" the trend.
Risk Management: Never put more than 2% to 5% of your total capital into a single high-risk trade like this.
Beware of FOMO: The RSI at 89 suggests that buying "at the top" now may result in getting "stuck" in the asset if there is an immediate profit-taking.