*$MOODENG USDT: BEARISH TREND CONTINUES! 🐻📉*

Hey traders! 👋 Let's dive into the technical analysis of $MOODENG USDT. 📊

The chart is showing a clear bearish trend, with the price having decreased from its 24-hour high of 0.24900 to its current price of 0.21570. 📉 The moving averages (MA) are also indicating a downward trend, with MA(7) at 0.21680, MA(25) at 0.22087, and MA(99) at 0.21861.

$MOODENG

*KEY LEVELS:*

- Support: 0.20758 (previous low) 🛡️

- Resistance: 0.22920 (previous high) 🚫

- Current Price: 0.21570 📊

*TRADE SETUP:*

- *Short Entry:* 0.21400 (below current price) 📉

- *TP (Targets):*

- TP1: 0.20800

- TP2: 0.20300

- *SL (Stop Loss):* 0.22000 (above resistance) 🚨

*RISK MANAGEMENT:*

Always remember to manage your risk! 📝 Keep your position size small and set your stop loss accordingly. Don't risk more than 2-3% of your account balance on a single trade. 💸

Stay bearish, traders! 🐻📉 Keep an eye on the price action and adjust your strategy accordingly. Good luck! 🍀

*DISCLAIMER:* This is not a trading advice, but rather a technical analysis. Always do your own research and consult with a financial advisor before making any trading decisions.

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