MOODENG Market Analysis
Platform: Binance Futures (analyzing with MEXC chart data for comprehensive insights)
The projected target for MOODENG suggests a potential retracement towards the 50-60% Fibonacci level. This range provides an ideal take-profit (TP) zone, with the nearest levels offering reduced risk and more consistent returns.
Market remains bullish if market will react at 0.38% of Fibonacci level
In the 15m chart of MOODENG using binance chart there's a potential bullish gap waiting for the market to mitigate if this won't gives us bullish reaction then this gap will inverse play and price can still continue to drop even further.
Just set safeguard just at 0.2563 coz breaking it will indicates bulls are still raging.
at this moment I'm already securing some profit
