From where we placed the red flash on the chart, it seems that a deep correction for MOODENG has started.
It appears that a diametric is in the process of completion, and we are at the end of wave G of this diametric.
As long as the SWAP range is maintained, the price could move toward the targets.
A closing of an 8-hour candle below the invalidation level would invalidate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
It appears that a diametric is in the process of completion, and we are at the end of wave G of this diametric.
As long as the SWAP range is maintained, the price could move toward the targets.
A closing of an 8-hour candle below the invalidation level would invalidate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Trade active
Upon hitting the green box, it pumped by over 20%, and TP1 was achieved.
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🔆To succeed in trading, just enter our Telegram channel:
Free membership: t.me/Behdark_EN
🔷Our Telegram channel has daily spot and futures signals 👉 t.me/Behdark_EN
💎 Exclusive signals are only shared on our Telegram channel
Free membership: t.me/Behdark_EN
🔷Our Telegram channel has daily spot and futures signals 👉 t.me/Behdark_EN
💎 Exclusive signals are only shared on our Telegram channel
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.