* MOODENG/USDT 1H frame
1. OVERVIEW
Current price: $0.26548
Highest price in 24h: $0.30407
Lowest price in 24h: $0.25140
24h Volume (MOODENG): 2.95B (very high)
24h change: -10.73%
2. TECHNICAL ANALYSIS
A. Overall trend
Price is in a short-term downtrend
There has been a technical rebound but was strongly rejected at the MA25 area
Current price is just below MA7 (0.26417) and MA25 (0.27847)
MA99 (0.25603) is currently a strong support, price bounced from this area
B. Technical indicators
MACD:
MACD is still below the 0 line
MACD line slightly crosses above the signal line => sign of weakening decline, may shift to sideways or slight recovery
RSI(6):
RSI: 41.44 => neutral leaning weak, not oversold
There is a possibility of divergence if the price holds above 0.257
C. Volume:
Volume is still well maintained, although not spiking => the market is observing or accumulating
3. TRADING STRATEGY
A. SHORT TRADING (according to the main trend)
Entry: $0.273 - $0.278 (testing the MA25 area)
TP1: $0.257
TP2: $0.245 (previous support area before breakout)
SL: $0.285 (above MA25 - breaking the short-term downtrend)
Probability of success: Average – should wait for clear price reaction at the MA25 area
B. LONG TRADING (according to the technical rebound)
Entry: $0.257 - $0.260 (MA99 support area)
TP1: $0.273
TP2: $0.285 (previous resistance area)
SL: $0.250 (below the nearest bottom)
Conditions for entry: A confirmation candle like Hammer/Doji at MA99 + strong MACD crossover
C. SPOT TRADING
Safe strategy:
Buy when the price exceeds $0.278 and closes above MA25
TP1: $0.298
TP2: $0.305
SL: $0.265 (if breakout fails)
This strategy should only be used if you are investing short-term and have confirmation of strong breakout volume.
4. CONCLUSION
Price is in a light technical rebound area, no clear signs of strong increase yet
Priority: Look for Short around MA25 or Long when confirmation occurs around MA99
Immediate trading requires waiting for a breakout of MA25 ($0.278) to be safe