📢 $MOODENG / $USDT | 🟢 LONG | ⭐ 83.5%
🎯 Objective: $0.04477. Will it achieve it?
🎯 Trading levels:
🟢 Entry: $0.04302
🛑 Stop Loss: $0.04197
🏁 TP1: $0.04477
🏁 TP2: $0.04512
🏁 TP3: $0.04582
📈 Analysis:
The structure of $MOODENG shows a bullish alignment across all timeframes, with a bullish MACD crossover (an indicator that measures momentum) confirming buying pressure. Although the ADX is at 20.0 (indicating a trend in its early development), we observe a clear buy absorption near the $0.04302 support level, validated by a rising OBV (On-Balance Volume) that suggests institutional accumulation despite 7.75% volatility.
⚖️ Risk/Reward: 1:1.67
⏱️ Timeframe: 1H
📐 Technical confidence: 4/5
The thesis is invalidated if the price breaks through the stop loss level at $0.04197, nullifying the structure of higher lows. It is essential to watch the close of the 1H candle above the entry zone, as confirmation with volume would validate the attempt to break the POC located at $0.043585.
Do you think volume absorption will be enough to break the immediate resistance of $0.04377?
💡 This analysis is for educational purposes only and is not financial advice. Do your own research and decide calmly.
#crypto #MOODENG #trading #Futures #Bullish
🎯 Objective: $0.04477. Will it achieve it?
🎯 Trading levels:
🟢 Entry: $0.04302
🛑 Stop Loss: $0.04197
🏁 TP1: $0.04477
🏁 TP2: $0.04512
🏁 TP3: $0.04582
📈 Analysis:
The structure of $MOODENG shows a bullish alignment across all timeframes, with a bullish MACD crossover (an indicator that measures momentum) confirming buying pressure. Although the ADX is at 20.0 (indicating a trend in its early development), we observe a clear buy absorption near the $0.04302 support level, validated by a rising OBV (On-Balance Volume) that suggests institutional accumulation despite 7.75% volatility.
⚖️ Risk/Reward: 1:1.67
⏱️ Timeframe: 1H
📐 Technical confidence: 4/5
The thesis is invalidated if the price breaks through the stop loss level at $0.04197, nullifying the structure of higher lows. It is essential to watch the close of the 1H candle above the entry zone, as confirmation with volume would validate the attempt to break the POC located at $0.043585.
Do you think volume absorption will be enough to break the immediate resistance of $0.04377?
💡 This analysis is for educational purposes only and is not financial advice. Do your own research and decide calmly.
#crypto #MOODENG #trading #Futures #Bullish
