Market Situation for #MOODENGUSDT📊 Market Situation for BYBIT:MOODENGUSDT.P
The asset is in a phase of uncertainty, consolidating between key levels. Price is forming an accumulation zone, where the next move will depend on reactions. A breakout from this range will determine direction – either a rally towards $0.07472 or a drop to $0.05624.
✅ The best approach in this situation is to add both scenarios to the watchlist and monitor price action.
✅ This allows traders to avoid premature entries and only enter after confirmation.
👉Two possible scenarios BYBIT:MOODENGUSDT.P
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Bullish scenario
🔵 LONG BYBIT:MOODENGUSDT.P from $0.07060
🛡 Stop Loss: $0.06877
⏱ 1H Timeframe
Overview:
➡️ BYBIT:MOODENGUSDT.P is showing signs of reversal after testing support at $0.06376.
➡️ Volume is increasing, suggesting possible accumulation by buyers.
➡️ A breakout above $0.06920 and confirmation could push the price toward $0.07315 and $0.07472.
Take Profit targets:
💎 TP1: $0.07315 – first resistance level.
💎 TP2: $0.07472 – main profit-taking zone.
Plan:
➡️ Bullish confirmation requires a solid breakout above $0.06920.
➡️ Entry is preferred after a retest or with increasing volume.
➡️ If the breakout happens on low volume, it might be a false move.
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Bearish scenario
🔴 SHORT BYBIT:MOODENGUSDT.P from $0.05914
🛡 Stop Loss: $0.06054
⏱ 1H Timeframe
Overview:
➡️ If the price fails to break $0.06376 and starts dropping, further downside is likely.
➡️ Sellers are active, and a loss of $0.05962 could trigger a selloff.
➡️ Support at $0.05624 could be reached if the downtrend continues.
Take Profit target:
💎 TP1: $0.05624 – support test.
Plan:
➡️ Bearish confirmation comes with a breakdown below $0.05962.
➡️ If volume increases on the drop, expect an accelerated decline.
➡️ If the price rebounds sharply, the short position should be reconsidered.
🚀 BYBIT:MOODENGUSDT.P Waiting for the Signal!
