MOODENG Today's Trend Analysis - Senior Strategist Simplified Version
MOODENG is moving in a 'bouncing monkey market' today, with key resistance at $0.2521 and support at $0.2404 (MA30 moving average)
In the short term, don't rush to chase highs or cut losses; focus on these two price levels
1. Three Core Technical Highlights
Moving averages are conflicting, with the price stuck in between
MA7 (7-hour moving average) is at $0.2521, MA30 (30-hour moving average) is at $0.2404, and the current price is $0.2495 stuck between the two lines
It's like a tug-of-war, with the price being pulled back and forth by the two moving averages, MA7 is the short-term referee, and MA30 is the long-term referee
Volume has hidden tricks
The right-side data shows a transaction amount of $2387, with noticeably low volume
Risk point: In such small cryptocurrencies with low transaction volume, it is easy for large holders to manipulate the market; a single large order can create a deep pit or shoot out a spike
MACD Guess: Beware of 'stealth decline exhausting energy'
Although MACD is not visible on the chart, the price has dropped by 0.91% and is still stuck between the moving averages. The likelihood is that the MACD red bars are secretly lengthening but haven't shown their power yet
2. Dark War at the Market: The dealer may be fishing
Order ratio +280668: Looks like it’s about to rise? But small cryptocurrencies often use fake orders to trick retail investors into taking the bait
Basis 0.213%: Indicates that there are people supporting the spot price, but this premium is not enough to attract large funds to enter the market
Main Orders' Subtlety: Buy price 0.24962, sell price 0.24951, the spread is only $0.0001, this is the dealer playing the 'sandwich tactic', forcing you to buy high and sell low to rack up transaction fees
3. Operating Strategy
In the morning, closely watch $0.2521: If it breaks with strong volume, you can take a small position to chase near $0.26, but take profits at around 3%
In the afternoon, focus on defending $0.2404: If it breaks down stealthily, stop loss immediately; don’t believe in any 'value investment', this small coin can drop to zero 10 times faster than it can rebound
Final honest statement:
MOODENG is all about 'running faster than the dog'
