MOODENG has successfully broken out of the falling wedge and shown a bullish CHoCH (Change of Character), which signals a trend reversal. The volume spike on breakout confirms buying interest. RSI also supports bullish continuation*.
This looks good for a short-term swing trade as price is trying to reclaim a demand zone and shift market structure.
Entry Zone: $0.198 – $0.202 (ideal on retest)
Stop Loss: $0.187 (below EQL and EMA confluence)
Target 1: $0.21
Target 2: $0.22
Target 3: $0.24
