$MOODENG
⚠️ MOOD Struggles at Resistance—Will Support Hold Near $0.18?
MOOD is trading at 0.18748, facing resistance at 0.19246 after a recent downtrend. Price is below EMA and volume is fading, with support nearby at 0.18171. Bears seem slightly in control but bulls may defend at this zone .
Trade Setup:
Entry: Wait for a clear bounce with volume above 0.18171 or a breakout above 0.19246 before considering a trade.
Targets: Target 1 at 0.21000 if bulls take control, or watch for further downside if support breaks.
Stop loss: Set just below 0.18171 to manage risk.
My View:
MOOD is in a sensitive spot; confirmation is key before entering. The current strength is fragile, so wait for decisive moves either from support or resistance. Patience will help avoid unnecessary losses in this tight range.
