After losing the last major level, Moodeng has stabilised and found support and is now building bullish price structure.
If not in an entry already I'd wait for price to retrace before entering a long.
A good scenario is if price retraces back to support and major trend and shows a reaction to support level, this would be a good indication to go long with stop below previous major low.
If not in an entry already I'd wait for price to retrace before entering a long.
A good scenario is if price retraces back to support and major trend and shows a reaction to support level, this would be a good indication to go long with stop below previous major low.
Note
Price is forming this wedge at the moment. As long as price maintains bullish structure, I am happy to have my entry at the bottom of the wedge taking profit each time it hits the upper range of the wedge. I'll leave some in incase it breaks out to the upside. Note
Note
Also need to keep in mind where BTC is at right now. It's at resistance so good chance it retraces some which may mean moodeng also retraces here. But also a slight chance that BTC pushes above resistance which will make the whole market bullish.
Telegram: t.me/theNinjasDojo
TV Referral link: tradingview.com/pricing/?share_your_love=jod45m
TV Referral link: tradingview.com/pricing/?share_your_love=jod45m
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.
Telegram: t.me/theNinjasDojo
TV Referral link: tradingview.com/pricing/?share_your_love=jod45m
TV Referral link: tradingview.com/pricing/?share_your_love=jod45m
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.