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$MOODENG 1H Liquidation (10/28/2024, 6:25 PM UTC+10)
đŽLONGS: $17.44K
đąSHORTS: $232.41K
â ïžTOTAL: $249.85K
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$GAS D1 Bullish Idea. Looking at its daily, seems like its market is in a classic TRBO retest before rocketing. As shown in my chart, the trendline resistance breakout has sent its price recently on a POC break but got multiple rejection from the resistance zone. Also notable here is how the trendline support is respected and now has anchor help from the POC. Price has now traded again within EMAs since its bounce, and I still need to observe if it can sustain trading above it for a potential upward push to trigger a likely GX sooner or later. In the event the above-mentioned does happen, I expect price to test again the resistance zone, hence, if it trades above $4.748, then I'm looking for a VAH test from thereon. If you zoom out completely on its macro, it is in accumulation phase now, and I still consider this a sleeping beast. I honestly think we shouldn't sleep on this coin, especially considering the pump history it did way back November of last year. Contrary to this, a POC break would be crucial to invalidate my bullish idea on this coin.
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Is this it fam? Are we seeing #BTC finally breaking highs? Or we just gonna get plummeted again at resistance?đ€
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Total Crypto Market 24H Liquidation (10/29/2024, 12:05 PM UTC+10) đŽLONGS: $68.06M đąSHORTS: $106.26M A total of 67,115 traders got liquidated, resulting in total liquidations amounting to $174.31M. Notably, the largest single liquidation order, valued at $3.05M, occurred on OKX for #BTC/USDT.
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$BTC at $70,000 đ
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$MOODENG H1 Bullish Idea Update. As described in my previous analysis earlier, the retest is currently playing. I've added a couple of support trendlines just to gauge it awhile ago if it was falling. Now, I moved to the H1 chart to see if how the coin's movement will react to once I get an EMA GX, and as shown in the chart, it surged past the 50% Fib level. Expect a massive reaction to the upside once it breaks the 79% Fib level and the bullish pivot at $0.27. But still be vigilant for sudden dumps as the previous downtrend has created multi OBs especially in the lower frames. If you're currently in a long and in profit, might as well set a checkpoint to secure your trade.
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