Listen up traders… I know many of you were waiting for this clean setup, and honestly, this move on the chart just confirmed what we expected. Let me walk you through what’s happening right now before anyone gets trapped in the wrong direction.
Looking at $MOODENG , price is still getting rejected from the descending trendline, showing sellers are firmly defending the 0.09040–0.09238 zone. Every bounce into this level is being absorbed, which keeps the short bias intact. As long as price remains below the break level, momentum favors a continuation toward lower support. A clean rejection candle already formed, giving a solid short opportunity while maintaining risk above the supply zone.
If the pressure holds, the chart suggests a slide toward 0.08483, where buyers previously stepped in. Only a breakout above the trendline and 0.09238 would invalidate the setup and shift momentum back to the upside.
