MOODENGUSDT.P trade ideas
UPDATEThe price is moving towards the valid support range of S1/if there is a positive reaction to this range and the momentum candle is observed, the price can return to the upward cycle
UPDATEThe alignment of the static support of S1 and Fibo 62 has prevented the price from further falling. If the support of S1 is broken, the fall can continue until the next Fibo levels. If the trend line is broken, the price will enter the upward cycle. It will probably be in side mode
MOODENG buy moment?Maybe there will be a new buy moment for MOODENG. Watch for a double bottom if rejects.
If it falls it will fall further.
Always Do Your Own Research
This is no Financial Advice!
updateIf the price consolidates above the resistance of 2336 and with the breakout of the resistance of 2694, it has the potential to reach the middle line of the channel and in the next step, the ceiling of the channel
With respect to capital management
updatePositive reaction to the valid support of 190/ if the price stabilizes above the range of 203, suitable for a long position
bullish??In case of a high consolidation of fractal 214, observing capital management and stop loss of 195, it is possible to enter a long position
Falling wedge = more bullishIs Moodeng really going to show us a falling wedge wich means it is more bullish then we thought… Time will tell! After a rise of almost 150% yesterday. Moodeng can fall. Who knows how far. But it is making itself ready to go skyrocket.
This is no financial advice.
Always do your own research!
MOODENG Price Surges 108% Following Binance ListingIntroduction
Moo Deng ($MOODENG), a Solana-based meme coin inspired by Thailand's viral baby hippo, has exploded onto the scene with a sharp 108% price increase following Binance’s launch of a USD-Margined perpetual contract offering 75x leverage. This substantial price rally is driven by Binance's expansion of trading options for $MOODENG, which reflects increasing market interest in the meme coin sector. In this article, we delve into both the fundamental and technical drivers behind this surge, exploring the potential path forward for $MOODENG.
Binance Listing and Leverage
On October 25, Binance launched the MOODENGUSDT perpetual contract, allowing users to trade with up to 75x leverage. This strategic listing is significant, as it brings a heightened level of visibility and liquidity to $MOODENG, aligning it with other top assets in the derivatives space.
Leverage and Volatility Potential: The ability to trade $MOODENG with up to 75x leverage introduces a new layer of speculative interest and potential for volatility. High leverage appeals to risk-tolerant traders who seek to maximize potential returns, contributing to the token's soaring trading volume and price gains. The initial funding rate, capped at +2.00% / -2.00%, and a tick size of 0.00001 were also introduced, creating favorable trading conditions and liquidity.
Market Sentiment and Trading Activity: Following the listing announcement, trading volume surged by an impressive 141%, hitting $327.77 million, signaling robust investor interest. Additionally, open interest (OI) in Moo Deng futures rose 173% to reach $57.47 million. These metrics underscore the market’s optimistic sentiment around the token, with many traders betting on further price gains as the token’s futures listing attracts liquidity inflow and broader participation.
Technical Analysis
On the technical front, $MOODENG is demonstrating a strong upward momentum, currently trading within a rising trend pattern with significant support. At the time of writing, the token is up 108%, with the latest price recorded at $0.1763.
Overbought Conditions and RSI Levels: The Relative Strength Index (RSI) has climbed to 83, placing $MOODENG in overbought territory, which suggests that a short-term pullback could be on the horizon. However, the token continues to rise, showcasing strong buyer interest that is likely driven by the Binance listing.
Trend Patterns and Volume Indicators: The token’s trading range over the past 24 hours has varied from an intraday low of $0.06547 to a high of $0.1404. This volatility reflects the heightened activity surrounding $MOODENG, with traders capitalizing on the price momentum spurred by the Binance futures listing. Technical indicators suggest that if buying pressure continues, the token could push to new highs; however, cautious investors may want to wait for a potential pullback before entering.
Conclusion
The recent Binance perpetual contract listing for $MOODENG has fueled a 108% price increase, attracting a wave of speculative activity and reinforcing the meme coin’s status as a high-risk, high-reward asset. The fundamentals of this rally, centered around Binance’s endorsement and leverage options, reflect rising market confidence. Yet, technical indicators reveal overbought conditions, cautioning traders to remain vigilant of potential price corrections in the near term. With $MOODENG capturing significant market interest, it remains a token to watch closely as it continues its journey in the volatile world of crypto assets.
#MOODENGUSDTIt seems that a small inverted head and shoulder pattern is forming at the end of the chart
Crossing the black neck line can increase the hope of formation.
Crossing the main strong resistance line (red line) can also promise good growth.
WATCH IT
Moodeng potential flag identified Moodeng seems to have bounced potentially giving us an idea of the bottom of a bull flag or descending trend. Waiting to see confirmation of bullish trend, i.e. form HLs.
also, if this flag holds true I will expect some reaction at the top of the flag.
Scribbled a couple of scenarios that I will be watching for.
Buy Trade Strategy for Moodeng: Fundamental Analysis Approach**Descrizione**:
This trading idea explores the cryptocurrency Moodeng, emphasizing the project’s fundamentals. Moodeng is an emerging digital asset that seeks to revolutionize decentralized applications with its innovative consensus mechanism and scalable blockchain architecture. By focusing on key developments in its ecosystem, such as strategic partnerships and technology upgrades, this trade setup is designed for investors looking to capitalize on the long-term potential of Moodeng.
As with all cryptocurrency investments, it's crucial to understand that the market is highly volatile, and unforeseen factors may affect Moodeng's value. Regulatory decisions, market sentiment, and technological disruptions are just some of the elements that could lead to rapid price changes.
**Disclaimer**:
This analysis is for informational purposes only and does not constitute financial advice. Trading cryptocurrencies like Moodeng carries a high level of risk, and there is a possibility of losing your entire investment. You should conduct your own thorough research and consider consulting a financial professional before making any investment decisions. Past performance is not a reliable indicator of future results.
Moodeng starting to form bullish PAAfter 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.
MOO Deng PriceDespite the bullish start, the Moo Deng price rally fizzled out a little bit. Amidst the waning investor confidence, the altcoin price corrected over 57% from the top
MOODENG broke the downtrendMOODENG was strong enough to not go further down. It backed up and got back up and is currently trading in an uptrend. Some short positions are worth it and also the long after.
Enjoy trading on MOODENG.
Always Do Your Own Research. (DYOR)
This is no Financial Advice. (FA)
Moodeng swing long ideaMoodeng price has come down and repeatedly found support at this level.
Looking for a long entry with stop below the lows.
Moodeng Potentional reversalLooks Like MoodENG decided to go and do something else. MoodEng currently showing of an SHS pattern and an Descending Triangle pattern wich both is giving bearish signs. Please be carefull with trading this memecoin.
MOODENG new ath?Moodeng is currently one of the most hyped memecoin. It was the only coin that kept a gain more then 15% after the whole market turned red. MOODENG is currently in a new uptrend and has seen the bottom. Now it might will try to brake its ATH. Sadly i dont understand elliot wave good enough but it lookes on the Daily Chart that it might create one. And who knows will that lead MOODENG to an bigger new ATH
MOODENG - $1B marketcap?Please note: This is very speculative as moodeng is a brand new memecoin and is very high risk.
Here I have added my dextools chart. None of the tradingview charts for MOODENG are good therefore I choose dextools to chart this particular asset. Simply scroll over the image I have attached to see the chart without the candles overlapping it.
What we can see is a pattern forming on the lower timeframes. Since our run from under $0.01 to over $0.30 we have seen a pullback. This has created a series of lower highs (red circles). Recently, we have seen a breakout of this series of lower highs and also a retest of the old resistance flipped into new support. Price has also been defended by our demand zone between $0.16-$0.18.
My theory is Binance will list MOODENG and will cause the pump to around SEED_TVCODER77_ETHBTCDATA:1B marketcap. This would send MOODENG from $0.23 to around $1. Of course this is very speculative but finding a "reason" for this memecoin to pump in a big way would be because of a Binance listing. Keep your eyes peeled for that scenario.
