#MOODENG Price recently printed a Lower High (LH) at $0.1572 after failing to reclaim the $0.1596 resistance. Structure shows Lower Lows (LL) and Lower Highs (LH) ā confirming a short-term downtrend.
Currently, price is forming a Lower High just below supply, indicating a potential rejection scalp.
š Entry Zone: $0.1548 ā $0.1553
šÆ TP1: $0.1535
šÆ TP2: $0.1522
šÆ TP3: $0.1508
š Stop Loss: $0.1562
This is a rejection scalp, targeting liquidity below recent wicks ā ideal for quick momentum plays if price fails to break above $0.1553.
ā ļø Manage risk tightly. Scalping structure favors short pops & quick fades.