📢 $MOODENG / USDT | 🔴 SHORT | ⭐ 70%
🎯 Target: $0.04187821. Will it get there?
🎯 Trading levels:
🔴 Entry: $0.04338
🛑 Stop Loss: $0.044214
🏁 TP1: $0.041878
🏁 TP2: $0.041044
🏁 TP3: $0.040043
📈 Analysis:
The structure shows a clear downtrend, with lower highs and support breakdowns on the 4-hour timeframes. Trading volume has increased significantly, exceeding its usual average, reinforcing selling pressure in the market. Open interest has risen by 7.9%, indicating increased activity in open positions as the price looks to continue moving downward.
⚖️ Risk/Reward: 1:1.8
⏱️ Timeframe: 15M
💭 Open interest represents the total number of derivative contracts that have not yet been settled, which helps measure the flow of money in the market.
#crypto #MOODENG #trading #Bearish
💡 This analysis is for educational purposes and does not constitute financial advice. Do your own research and make your decision carefully.
🎯 Target: $0.04187821. Will it get there?
🎯 Trading levels:
🔴 Entry: $0.04338
🛑 Stop Loss: $0.044214
🏁 TP1: $0.041878
🏁 TP2: $0.041044
🏁 TP3: $0.040043
📈 Analysis:
The structure shows a clear downtrend, with lower highs and support breakdowns on the 4-hour timeframes. Trading volume has increased significantly, exceeding its usual average, reinforcing selling pressure in the market. Open interest has risen by 7.9%, indicating increased activity in open positions as the price looks to continue moving downward.
⚖️ Risk/Reward: 1:1.8
⏱️ Timeframe: 15M
💭 Open interest represents the total number of derivative contracts that have not yet been settled, which helps measure the flow of money in the market.
#crypto #MOODENG #trading #Bearish
💡 This analysis is for educational purposes and does not constitute financial advice. Do your own research and make your decision carefully.