Moodeng Sets Up for Potential Rally After Bullish Correction
Moodeng (MOODENG) has pulled back to a critical support zone around $0.21 after forming a local top. This area aligns with key technical levels that could fuel a bullish continuation.
Key Highlights:
Strong support at $0.21: 200MA, 0.618 Fib, and daily SR confluence
Current move is bullish selling after expansion
Holding this support may lead to a rally toward all-time highs
Analysis:
Moodeng has recently completed a notable corrective move after topping locally, bringing the price back into a significant support confluence at the $0.21 region. This area isn’t just a random pullback level — it’s packed with high-confidence technical signals. The 200-day moving average is meeting the 0.618 Fibonacci retracement zone here, and daily SR support sits at the same level. Historically, this type of cluster strengthens the probability of price reacting positively.
This pullback can be categorized as “bullish selling,” where sellers exit after a strong rally, but key buyers step in at the technical confluence. The goal here is simple — clear swing low liquidity, tap the golden Fibonacci ratio, and rebound with momentum.
Conclusion:
If the $0.21 zone holds, it sets the stage for another leg up — potentially pushing Moodeng 50% or more toward previous all-time highs. Bulls should watch for strong closes above this level as a confirmation signal.
Key Highlights:
Strong support at $0.21: 200MA, 0.618 Fib, and daily SR confluence
Current move is bullish selling after expansion
Holding this support may lead to a rally toward all-time highs
Analysis:
Moodeng has recently completed a notable corrective move after topping locally, bringing the price back into a significant support confluence at the $0.21 region. This area isn’t just a random pullback level — it’s packed with high-confidence technical signals. The 200-day moving average is meeting the 0.618 Fibonacci retracement zone here, and daily SR support sits at the same level. Historically, this type of cluster strengthens the probability of price reacting positively.
This pullback can be categorized as “bullish selling,” where sellers exit after a strong rally, but key buyers step in at the technical confluence. The goal here is simple — clear swing low liquidity, tap the golden Fibonacci ratio, and rebound with momentum.
Conclusion:
If the $0.21 zone holds, it sets the stage for another leg up — potentially pushing Moodeng 50% or more toward previous all-time highs. Bulls should watch for strong closes above this level as a confirmation signal.
Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
blofin.com/invite/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
blofin.com/invite/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
blofin.com/invite/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
blofin.com/invite/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.