Moodeng Buy/Long Setup (8H)

24 Oca

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
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26 Oca

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Upon hitting the green box, it pumped by over 20%, and TP1 was achieved.