Analyzing the provided $MBL /USDT chart, we observe a significant price surge, followed by a pullback.
Currently, the price is trading near $0.003918, which is below its 24-hour high of $0.004157 and well above its 24-hour low of $0.003204. The 30-minute chart shows a consolidation phase after a sharp upward spike, suggesting the market is deciding its next move.
Long Strategy:
Entry: Enter a long position if the price breaks above $0.004000 with strong volume.
Stop Loss: Place the stop loss at $0.003800 to minimize risks.
Target: Aim for $0.004300 to $0.004400 as the potential target levels.
Short Strategy:
Entry: Short if the price breaks below $0.003800 with confirmation from volume.
Stop Loss: Set the stop loss at $0.003950.
Target: Look for $0.003600 to $0.003500 as target levels.
Monitor the volume closely, as a breakout or breakdown supported by significant volume is more reliable. Avoid entering trades within the consolidation zone to reduce false signals.