MOG is breaking out of a well-defined descending channel, signaling potential for a strong bullish continuation. Price has flipped resistance into support and is now holding above the 50 EMA.🔎 Setup Highlights:
Breakout from descending channel structure
Retest holding at breakout zone + 50 EMA confluence
Increasing momentum on higher timeframes
📍 Entry Zone: Around 0.0000011573
🎯 Targets:
TP2: 0.0000012884
TP3: 0.0000015608
🛑 Stop-loss: 0.0000009576
Bullish structure intact unless breakdown below retest zone. One to watch!
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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.