1d ago
Market Outlook — $MOODENG 4h Bearish Bias
#MOODENG maintains a bearish trend trading just below its recent swing equilibrium, with strong momentum favoring downside continuation. Key support lies near 0.108, while resistance is found around 0.115, marking a critical zone for potential reversal or further decline.
Technical indicators suggest a probable move lower toward the 0.106 support area and possibly down to 0.095 if the breakdown persists. A quick dip below 0.106 followed by a sharp recovery and bullish reversal candle could allow a short-term long scalp toward 0.115, but only upon confirmation from lower timeframes. A decisive break above 0.115 with retest as support would shift the bias bullish, targeting higher levels. Caution is advised to await reliable reversal signals before positioning. This note is abridged. The full analysis with TP/SL/entry levels and advanced setups is inside the Finora Telegram bot.
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