@pickupic
LONG #MOODENGUSDT from $0.25333, stop loss at $0.25222
Time Frame: 5-minute
The instrument is currently active, trading at heightened volumes exceeding 4 billion over the past day. After an upward price movement, it is now in a consolidation phase, forming a cascade of resistance levels. Large buy prints and density are visible in the order book, indicating significant interest.
As the pressure builds and activity increases, I anticipate a strong breakout that may trigger liquidity removal. Ideally, I would like to see some local consolidation before approaching the nearest resistance level. The first target is set at $0.26500.
Stay tuned for updates!
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