Moodeng starting to form bullish PA

2024年10月10日

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.

2024年10月14日

註釋

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.

2024年10月15日

註釋

Price can still come down to support and as long as there isn't a break of structure, happy to stay long. otherwise will need to wait and see where price settles.

2024年10月15日

註釋

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.