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Bearish Trend Continues in MOODENG with Support Breaks Expected
The MOODENG cryptocurrency has been in a downward trend for several days on the 15-minute timeframe. The chart shows aggressive bearish candles, with sales volumes periodically increasing, indicating a strong downtrend supported by large sellers along the trend line. Two support levels have formed, and a break below them is expected to trigger stop-loss placements for many buyers. The decline continues along the trend line, with active sell orders visible in the order book just before breaks. Partial exit targets are set at 0.23639, 0.23510, and 0.23352. A free trading terminal is available for use.
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AI Analysis
The current analysis of MOODENG on the 15-minute chart indicates a persistent downward movement, characterized by aggressive bearish candles and an increase in selling volume. Such volume spikes reinf...
AI Recommendation
Given the current technical setup, a short position appears justified, especially if the support levels are convincingly broken. Traders should consider maintaining the stop-loss at 0.24242 to protect...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
