【$MOODENG Signal】Long - 1H breakout pullback confirmation, main force clearly intends to support the market

$MOODENG The 1H timeframe is consolidating strongly above the EMA20, just tested the previous high of 0.06389. The 4H timeframe has broken through the downtrend line, forming a bullish engulfing pattern, but RSI is somewhat high. Currently, the price is consolidating strongly above the 1H EMA20 (0.0582), which is a healthy pullback after a breakout. In a negative funding rate environment, open interest remains stable, indicating limited bearish pressure. The main force's intention to support the market is clear.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0635 - 0.0640 (Reason: Above the 1H EMA20 support zone, pullback confirmation after breaking previous high)

🛑Stop loss: 0.0610 (Reason: Break below the 1H EMA50 support and the start of the previous large bullish candle, damaging the bullish structure)

🚀Target 1: 0.0680 (Reason: 61.8% Fibonacci retracement of the previous downtrend on the 4H chart)

🚀Target 2: 0.0720 (Reason: Resistance at the daily EMA20 and 1.272 extension level)

🛡️Trade management:

- Position suggestion: Light position (Reason: 1H RSI is overbought, need to guard against short-term pullback risk)

- Execution strategy: When the price reaches 0.0680, reduce position by 50% and move stop loss to entry price 0.0635. Hold the remaining position to target the second goal; if the price pulls back and breaks below 0.0635, exit all.

Deep logic: After a 21.5% increase, the price has not experienced a significant pullback. The 1H candlestick is consolidating strongly around 0.063, which is a sign of strength. Market depth data shows a large accumulation of buy orders (0.0637-0.0638), forming a support wall. Negative funding rates (-0.0393%) combined with rising prices and stable open interest suggest a potential short squeeze. The buy/sell ratio on the 4H chart is close to balanced, but the latest 4H candlestick is a large bullish candle, indicating buying power is returning.

Trade here 👇 $MOODENG

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