$MOODENG M15 Bullish Idea. It seems like a classic retest m

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$MOODENG M15 Bullish Idea.
It seems like a classic retest movement from the recent TRBO. Look at where the market bounced off, exactly at the flipped trendline.
Recent analysis of my bearish sentiment of this coin also played out well, but as you can see in the chart, the bounce happened at the 50% area of the huge Bu-OB.
Right now market seems to be at test of reentering the VAL and from thereon, let's observe further if it can mitigate this Be-OB and trade between the 24-38% Fib level.
I didn't include the bearish ABCD pattern in here just to pave way on emphasizing the TRBO, but a potential retracement for it would be towards the 50% Fib level. Pattern invalidation is a break below recent low at £0.18905 mark.

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£MOODENG M15 Bearish Idea.

Risky short setup here for this coin right now, but it got a rejection at exactly £0.27 price, and has fell down rapidly from the VAH and POC, mitigating the upper OB in the process.

If holders decide to book profits from this instance, the bearish pivot at £0.23284 is likely to be breached for a retest on the VAL and 50% Fib level.

Furthermore, let's see if the 75% key support trendline has enough psychological impact from hereon to hold the current downtrend.

In the event of a breakdown from the aforementioned zone, I am expecting for a 70.5-79% Fib level tap.

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$MOODENG M15 Bullish Idea.

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.css-1iqe90x{box-sizing:border-box;margin:0;min-width:0;color:#EAECEF;}$MOODENG M15 Bullish Idea.

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$MOODENG M15 Bullish Idea.