$MOODENG There was a significant short liquidation in $MOODENG, with $10.008K worth of positions getting liquidated at a price of $0.25604. This indicates a strong potential for a price movement, which could present a trading opportunity. Let’s break it down and provide some clear insights for the next steps:

What’s Next for $MOODENG.

Short Liquidation Impact: The short liquidation can trigger a sharp upward move in the price as the market absorbs these liquidated positions. When shorts are squeezed, it can cause a surge in buying pressure.

Potential Price Movement: We could see a price increase if more shorts get liquidated, but it’s essential to keep an eye on price action around key levels.

Buy Zone for $MOODENG.

Ideal Buy Zone: Look for entries near $0.2500 to $0.2550. This zone could act as a potential support area if the price retraces slightly.

Confirmation: Wait for a bounce from this level or a break above $0.2650 for more confidence in the bullish trend.

Target Zone:

First Target: $0.2800, where price could face resistance. This is a good place to watch for any signs of a pullback.

Second Target: $0.3000, which could act as a strong resistance level, but is a possible next step if the trend remains strong.

Stop Loss:

Recommended Stop Loss: Set your stop loss just below $0.2400 to minimize risk. This level is below the key support, and if the price breaks below it, the bullish thesis may no longer hold.

Key Takeaways:

Risk Management is Key: Always set a stop loss to protect yourself in case the market moves against you.

Watch for Price Action: Monitor the price closely in the buy zone to catch the perfect entry point.

Remember, this analysis is based on current market conditions and could change as new data comes in. Always do your own research and trade responsibly.

#MOODENG #BTCNextMove #USUALAnalysis #CorePCESignalsShift #ElSalvadorBTCReserve