$MOODENG just printed a vertical expansion candle into fresh highs, followed by signs of exhaustion near the top.
Parabolic moves like this often attract late buyers right before liquidity is taken, and without proper consolidation, downside retracement becomes likely...........
If price fails to hold above the breakout base, a pullback toward the prior accumulation zone is the higher-probability scenario..........
Trade Setup (SHORT)
Entry: 0.0515 – 0.0530
Target 1: 0.0485
Target 2: 0.0460
Target 3: 0.0440
Stop Loss: 0.0548