$MOODENG / USDT – Long Setup in Focus

A long (buy) trade is being considered based on current chart structure and momentum.

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📈 Trade Entry & Setup:

• Entry Price: Around $0.265800

(Price is approaching a zone where a bounce is expected)

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🎯 Profit Targets (TPs):

If the upward move gains momentum, here are the target levels to watch:

1. TP1: $0.271116 – First minor resistance level

2. TP2: $0.273827 – Short-term breakout target

3. TP3: $0.276565 – Previous local high zone

4. TP4: $0.279331 – Overhead pressure likely here

5. TP5: $0.282124 – Start of major resistance band

6. TP6: $0.304694 – Psychological and technical round number

7. TP7: $0.329070 – High from earlier trend

8. TP8: $0.355395 – Medium-term resistance

9. TP9: $0.398043 – Long-term major resistance zone

🚀 Momentum could pick up beyond these levels if volume increases.

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🛑 Stop Loss (SL):

• SL: $0.212640

(Placed below key support – protects against deeper drop)

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🔍 Technical Notes:

• Price appears to be forming higher lows, showing buying strength.

• A breakout from recent consolidation is likely, especially if volume supports it.

• Watch for strong bullish candles and increased volume as confirmation.

• Ideal for swing or position traders targeting short-to-medium-term gains.

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✅ Pro Tip:

Enter near $0.265800 only after confirmation (like a bullish candle close or RSI bounce from oversold).

Use trailing stop or scale out profits at multiple TPs to lock gains.