MOODENG
On December 12th, MOODENG experienced a long bullish candle, followed by a price retracement and entering a consolidation phase in the following days.
MACD Analysis: Currently, both the DIF and DEA are in negative territory, but the MACD histogram is gradually shortening, indicating a weakening of downward momentum and an increasing possibility of a reversal to a bullish trend.
RSI Analysis: The RSI is currently near 50, with the market in a neutral to slightly bullish range, showing no obvious signs of overbought or oversold conditions.
Trading Volume: On December 16th, trading volume significantly increased, especially between 8:00 AM and 12:00 PM, indicating a notable rise in market activity and suggesting a stronger willingness for capital inflow.
Operational Suggestions: You may place a buy order around 0.372, and it is recommended to use 2-3 times leverage.
