📉 MOODENG Short Setup in Focus 🔻
**Trading Plan:**
Bias: Short
Entry: 0.0950 - 0.1050
SL: 0.1155
TP1–TP3: 0.0850 / 0.0800 / 0.0750
**Technical Analysis:**
The technical outlook for this asset on the 4-hour chart is bearish following a significant price pump and subsequent collapse from the 0.2530 level. The price is showing clear signs of rejection from higher levels, indicating strong selling pressure. The current bearish trend is supported by weakening MACD momentum and an RSI that has fallen sharply from overbought territory. A confirmation signal for this setup would be a failure to reclaim the resistance area around 0.1050, followed by a breakdown of the current consolidation.
**Invalidation:**
Only a break above 0.1155 would invalidate this bearish setup.
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