📊 $MOODENG Trade Setup – Trendline Breakout Strategy (Professional Analysis)
Price has once again tested this important descending trendline and respected it strongly. This area has already acted as a key rejection zone multiple times, making it a critical level to watch.
Now, if a strong bullish 4H candle manages to close above this trendline, it will confirm a valid breakout. In that case, we can consider long positions above the breakout level.
🎯 Upside Targets:
0.58 – 0.61 – 0.64
These levels represent the next major resistance and liquidity zones, where price can potentially move after a confirmed breakout.
🛑 Stop Loss:
Keep the stop loss strictly below the trendline to manage risk effectively.
📌 Trade Management:
Follow proper risk management
Avoid emotional trading
Trade only after confirmed breakout & retest if possible
⚠️ Disclaimer:
This analysis is for educational and informational purposes only. I am not responsible for any profit or loss. Cryptocurrency trading involves high risk, so always do your own research (DYOR) before entering any trade.
