$MOG on the daily time frame
✍️ Another mystery that we will be trading.
As a piece of advice — if you have never heard of an asset, you should not invest in it! I have not heard of Mog, so I will only be trading.
On the $MOG chart, a clear upward trend channel is visible. The recent false breakout and subsequent reaction from the local support level confirmed the importance of the level as the first potential entry point for LONG positions.
If the local support level does not hold, the key zone will become the primary level below.
Both levels coincide with areas of interest (liquidity zones), so we will be waiting for a reversal specifically at these marks. Such areas historically attract volumes, where market participants start opening positions.
The upward channel, while maintaining the current structure, provides a clear potential for further growth, with targets above recent highs. More details on the forecast can be found directly in the screenshot.