Moodeng's technical form is emerging, and short-term breakout opportunities are worth paying attention to. From a technical analysis perspective, Moodeng has formed a flag consolidation pattern on the one-hour K-line chart.
This classic technical pattern often signals a continuation of the trend, but it remains to be seen whether it will form a 'bull flag' to facilitate an upward movement or become a continuation pattern in a downward trend. Further observation of the subsequent price breakout direction is necessary.
For short-term traders, the hourly movement of Moodeng is worth focusing on. If the price effectively breaks above the upper resistance level of the flag, it will confirm the continuation of the bullish trend, and at that time, one may consider following the trend; conversely, if it breaks downward, caution should be taken regarding the risk of trend reversal.
Investors are advised to closely monitor market changes, combine indicators such as trading volume for comprehensive judgment, and seize potential short-term trading opportunities.
