Moodeng price has broken down from the macro trend and looks to have found a bottom.
Bullish price action has been formed with what appears to be consolidation over the last 2 weeks. Good area to enter a long with invalidation below the previous low. Upside potential makes a good RR. Alternatively wait for a retrace closer to the local bottom and enter there.
Bullish price action has been formed with what appears to be consolidation over the last 2 weeks. Good area to enter a long with invalidation below the previous low. Upside potential makes a good RR. Alternatively wait for a retrace closer to the local bottom and enter there.
Note
Price has fallen below our local low.Waiting to see if price finds support at the previous low.
If price loses this level, wait for price to find a base potentially at the next support level down (see chart).
Order cancelled
will post another chart for this.
Telegram: t.me/theNinjasDojo
TV Referral link: tradingview.com/pricing/?share_your_love=jod45m
TV Referral link: tradingview.com/pricing/?share_your_love=jod45m
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.
Telegram: t.me/theNinjasDojo
TV Referral link: tradingview.com/pricing/?share_your_love=jod45m
TV Referral link: tradingview.com/pricing/?share_your_love=jod45m
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.