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$MOODENG 's rebound seems to have come to an end, and sellers are starting to take control.
Go short on $MOODENG now.
Entry: 0.05100 – 0.05300
Stop Loss: 0.05700
Take Profit 1: 0.05050
Take Profit 2: 0.04650
Take Profit 3: 0.04550
Although the price is still high, the upward momentum has clearly weakened, and buying power is severely lacking. The MACD has formed a death cross, and trading volume is shrinking rapidly. This rally lacks funding support and is unstable. The price is approaching a long-term strong resistance zone, and selling pressure is building up, with liquidity feeling heavy. Once buying cannot keep up, a quick pullback is expected.
Trade $MOODENG here 👇