MOODENG is currently stuck around 0.245, swaying back and forth, unable to go up or down, like a hesitant old turtle.
The trading volume has been average these days, and I haven't seen large funds making moves. In the short term, it may still be dominated by fluctuations, but we need to keep an eye on a few key levels.
Key Levels:
Support Level:
0.235 — It has bounced back several times recently when it dropped to this level, which is considered a short-term bottom line.
If it breaks below, it might slide directly below 0.20.
Resistance Level:
0.28 — It couldn't break through the high from a few days ago, becoming a short-term ceiling.
If it breaks through, the next target is 0.3.
0.32 — Previous high area, with many trapped positions; it needs significant volume to break through.
The most annoying situation would be to oscillate between 0.24-0.26 without direction or volume, in which case we can only wait for a change.
For those trapped: If it breaks below 0.235 and doesn't bounce back, cut losses if necessary in the short term; don't hold on stubbornly.
Note: This thing is highly volatile; don't go heavy on betting. Just play short-term, and take profits when you can.
(If there is unexpected good or bad news, it could break this rhythm, so keep an eye on the news.)
Don't operate recklessly! The more chaotic the market, the more you should follow the strategy at @影鸽 .
In a bull market, there are often sharp rises and falls; if someone is guiding you, don’t step on landmines on your own!
