appreciated information ☺️ 👍. hope it's happened like you analysis.
加密分析师-老吴
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MOODENG: This mode can push it to break through $0.93, provided that ................. Click on the avatar to go live and chat! Moo Deng [MOODENG] has decreased by 2.07% in the past 24 hours. As of the time of writing, the trading price of the token is $0.3876. Its 24-hour trading volume is $133.7 million. In the past week, the token has decreased by 15.97%. The market capitalization of MOODENG is $383.5 million, with a circulating supply of 990 million tokens. In the past 24 hours, its price has fluctuated between $0.3797 and $0.4042.
In the past 7 days, its price has fluctuated between $0.3232 and $0.5358. Since reaching an all-time high of $0.6804 on November 15, 2024, MOODENG has retraced by 43.3%. Despite the recent decline, analysts are optimistic about a potential bullish breakout. The descending wedge pattern on the chart suggests that the current downtrend may reverse, leading to a significant price rebound. Bullish descending wedge and key support level The price movement of MOODENG shows a descending wedge, a chart pattern that typically signals a potential reversal. This pattern is characterized by consistently lower highs and lower lows converging to a point, usually indicating a weakening downtrend and an increased likelihood of an upward breakout.
One analyst emphasized that $0.35 is a key support level. This area has held strong multiple times, preventing further declines and becoming a critical accumulation zone. According to Rose Premium Signals, the next major move will depend on breaking above the upper wedge trendline.
Analysts state: "Breaking the wedge indicates that bullish momentum will continue, with strong upward potential." Expected price targets after the breakout include $0.56, $0.74, and $0.93. In particular, the $0.93 level is seen as a challenging resistance level that may determine whether further upside is possible. Market sentiment and trading activity Market data shows a 31.53% decrease in trading volume, currently at $414.98 million. Open interest has also fallen by 6.52%, currently at $139.12 million. Although investor sentiment remains mixed, this data suggests a decline in market participation.
$MOODENG is forming a bullish descending wedge pattern, with strong support around $0.35. A breakout above the wedge suggests a bullish continuation with significant upward potential.
Key points:
Support zone: $0.3500, which acts as a strong accumulation area.
If you missed to catch that move on $HBAR There is no need to chase it now as price is approaching the key weekly zone.
There are more opportunities in market than buying this one at this high.
The better trade setup on $HBAR will be either it consolidate around this zone for sometime and start breaking out. Or you get a 20 - 30% pullback. Chasing now isn't really a wise decision in my opinion.
I think to reach your predicted prices about $BTC (some people's says 80k, 70k, 60k 😯, $BTC will need more time because the new year is coming. It's not possible for it to pull back; it's preparing for the New Year party! 😄🎉😂"
Are always market makers at the other side of our trades? Or are we trading against each other? What're your answers?
In trading, whether you’re trading against market makers or other individual traders can vary based on the market structure, trading platform, and type of asset. Here’s a breakdown:
1. Market Makers: In many markets, especially in highly liquid ones like stocks, forex, and certain futures markets, market makers are often on the other side of trades. Their role is to provide liquidity, ensuring that there are buy and sell orders available, which helps with smoother, more efficient transactions. Market makers profit from the bid-ask spread, not from betting against traders.
2. Other Traders: On some platforms, particularly those in the cryptocurrency space or decentralized exchanges, trades are often directly matched between buyers and sellers without market makers. Here, you may be trading directly with other participants. In such cases, prices are set based on supply and demand, and you're essentially trading against the crowd rather than a single entity like a market maker.
3. Hybrid Scenarios: In some cases, like electronic trading on exchanges, a mix of both occurs: market makers provide liquidity, but orders from other individual traders may also fill your order.
In summary, whether you’re trading against market makers or other traders depends on the platform and asset type. In liquid markets, market makers are more likely to be involved; in peer-to-peer or less liquid markets, you're often trading directly against other traders.
BTC might break its all-time high, but do you remember the 2021-22 crash? BTC fell nearly halfway after reaching a new high. After hitting 64k, it dropped to 30-34k—that's a crash!?
BTC might break its all-time high, but do you remember the 2021-22 crash? BTC fell nearly halfway after reaching a new high. After hitting 64k, it dropped to 30-34k—that's a crash!?