🚨MOODENG/USDT is demonstrating that emotions also move the market!🚨 With an impressive +16.32% rise, trading at $0.22233, this asset is looking for new highs!
The chart shows us a bullish rally with the price comfortably above the 7 and 25 period moving averages. The 24-hour high at $0.22965 is the next level to beat, and if it succeeds, the party could continue! The 99 period average at $0.20732 is a key support if there is a pullback, but for now, the trend is clear.
In the Long/Short average, we are seeing an interesting battle: while the "Long Account %" has been dominating, there is also a significant percentage of shorts, suggesting that some traders are trying to bet against the trend. This could generate a "short squeeze" and more fuel for the rise! However, one must be attentive to the manipulation that often occurs at these price peaks, where big players try to liquidate positions.
The taker buy volume has been consistently strong, especially in bullish impulses, validating buyers' interest. Although the taker sell volume also appears, the overall balance favors the bulls.
In summary, MOODENG/USDT is in a clear bullish rally, but as always, risk management is essential! If the trend continues and breaks new highs, we could see a continuation of the rise. Patience and trade wisely!
