【$MOODENG Signal】Long | Healthy Pullback After Short Squeeze Initiation

$MOODENG After experiencing a single-day short squeeze-like increase of over 11%, it is now undergoing a healthy consolidation just above the key breakout level.

🎯Direction: Long

🎯Entry: 0.0510 - 0.0515

🛑Stop Loss: 0.0496 (Rigid stop loss, below the previous 4H candle low and EMA20 support)

🚀Target 1: 0.0560

🚀Target 2: 0.0585

Market Analysis: The price has strongly broken through the EMA20/50 moving averages, but the core logic lies in the data. Funding rate is -0.46% and open interest remains stable, indicating a typical short squeeze structure. Shorts are still paying high fees, and any pullback could trigger a new round of short covering.

Hardcore Logic: 4H buy orders are clearly absorbing, with a depth imbalance of 0.86% showing thicker buy orders, providing support for the price. RSI at 62.68 is in a healthy range, far from overbought. The current price is pulling back to the previous breakout level around 0.051, with declining volume, making it an ideal low-risk entry point.

Risk Control Perspective: Stop loss is set at 0.0496, coinciding with the previous low and EMA20, with a clear invalidation point. Target 1 is near the previous high, and Target 2 extends to the Fibonacci 0.618 extension level. Risk-reward ratio >2.0, aligning with mathematical advantage.

Trade here 👇 $MOODENG

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