Hey traders, been keeping a close eye on MOODENG lately and I'm liking what I'm seeing! Let me break it down for you:
MOODENG has recently established a solid new support level around 0.13. This is great news, as it provides a nice floor for the price action. I'll be watching closely to see how it reacts at this level.
If MOODENG can decisively break above 0.159, that could be our cue to enter a long position. I'd want to see 0.15 become solid support before pulling the trigger though. Gotta confirm that trend strength, you know?
For those already in a MOODENG trade, make sure you've got your stop loss set properly. And don't be afraid to take some profits along the way as it gains steam. No need to be a hero - lock in those gains when you can!
One thing to keep in mind is that MOODENG tends to follow Bitcoin's price action. So keep a close eye on how BTC is moving - that'll give you valuable insight into MOODENG's potential direction.
I'm cautiously optimistic about MOODENG's prospects here. That new 0.13 support is a great sign, and a breakout above 0.159 could open the door to some nice upside. But as always, do your own research and manage your risk accordingly.
Potential Entry: Above 0.159, with 0.15 as support
Stop Loss: Adjust based on your risk profile
Disclaimer: This is not financial advice. Always do your own research and invest responsibly.
