#MOODENG tapped the 0.304 resistance beautifully — weak buying volume, no real momentum, and a clear rejection. I didn’t hesitate — opened a #short right there.
Here’s what I’m seeing:
Previous high at $0.343 is already played out.
The bounce to $0.304 lacked strength — volume fading fast.
MA(5) crossing below MA(10) shows a local bearish shift.
MACD heading into the red — confirming weakness.
Bollinger Bands tightening — expecting a sharp move.
Target: $0.285, where previous accumulation took place. If fear kicks in, we might see a drop to $0.26.
Plan:
Holding the position. I’ll partially take profit around $0.285 and reassess the rest. No stress — just a clean, calculated trade.
What about you — in the position or still waiting in the shadows?
