$MOODENG
1. Technical Analysis Breakdown
1. Short-term Trend (5-minute K-line)
- Price quickly rose from the 24h low of 0.07130 to 0.12393 before pulling back, currently quoted at 0.11100, still in the rebound range with a 24h increase of 52.08%;
- MA7 (0.10971), MA25 (0.10983) form short-term support, MA99 (0.09185) is the medium-term uptrend line, and the core moving averages have not been broken in the short term, belonging to the 'high pullback and then stabilizing' pattern.
2. Volume and MACD Signals
- Trading volume increases during the rise phase and decreases during the pullback phase, indicating a temporary alleviation of short-term selling pressure, but the 24h trading volume is only 426 million USDT, which is not strong;
- MACD indicator DIF (0.00124) is slightly below DEA (0.00162), with a MACD value of -0.00038, on the edge of a 'bearish weak signal,' not yet forming a clear bullish or bearish reversal.
3. Key Price Levels
- Support levels: 0.109 (convergence of MA7/MA25), 0.09185 (MA99);
- Resistance levels: 0.12393 (recent high), 0.25305 (24h highest price).
2. Risk Warning for Entry Direction
1. Long Position Logic (Cautious): If the price stabilizes above 0.110, and MACD forms a golden cross again with increasing volume, a small position can be tried for long, with a stop loss set below 0.109 (breaking short-term moving averages), targeting 0.120-0.124;
2. Short Position Logic (More Cautious): If the price cannot break through 0.115, and MACD death cross expands with decreasing volume, a small position can be tried for short, with a stop loss set above 0.115, targeting 0.105-0.100;
3. Core Risk: Virtual currency contracts have risks such as leverage, liquidation, and flash crashes, and the liquidity/fundamental information of this coin (MOODENG) is not transparent. After a short-term surge, the probability of a pullback is extremely high, and heavy positions are not recommended.