- Mog Coin saw a sharp retracement that started at the end of May – a 49% drawing in two weeks
- Token started to recover at the time of the press, despite a slow question
Mint [MOG] On Monday, a trade volume of 3.2 trillion Mog -Tokens, worth just over $ 3 million, on Monday. This was an almost five -time increase in volume compared to Sunday. The strong Golf Stoot helped the Memecoin convincingly stimulate over the local resistance at $ 0.000001 in the charts.
May starts recovery, but watch out for a short -term range!
Source: MOG/USDT on TradingView
The 1-day graph revealed a strong Monday performance for the Memecoin. MAG collected on the day with 27.8% and also saw the above -average trade volume. And yet, on balance, the buying pressure has been weak lately.
The A/D indicator has been trending to the south last month, because Mog -Munt also fell to his 78.6% retracement level. The bullish reaction of this important retracement level was encouraging, but the A/D indicator was not. At the time of the press it was almost at the low point from April, which showed the seller’s dominance in recent weeks.
At the time of writing, the great oscillator was under the zero line – a sign that Beerarish Momentum was dominant. The green bar on the histogram suggested that the momentum started to shift in favor of the bulls.
Source: MOG/USDT on TradingView
The 1 hour graph revealed that on Monday saw a heavy buying pressure, proven by the CMF, the A/D and the volume bars. This question delayed in recent hours, whereby the great oscillator also starts to cool down.
A short -term range between $ 0.00000107 and $ 0.00000113 seemed to be underway. That is why scalp traders can use these levels to structure their transactions.
Source: Coinglass
Finally, the 2-week liquidation heat revealed the structure of liquidity around the short-term range that is laid down on the basis of the H1 graph. Liquidity clusters were further north, at $ 0.0000012 and $ 0.00000128.
The Hittemaps with longer return periods, such as 1 months and 3 months, showed the same as the 2 -week graph. Liquidity was around $ 0.00000107 and other remarkable bags further higher.
Therefore, unless Mog -Munt below the retracement level of 78.6% falls at $ 0.00000074, traders can retain a bullish bias.
Disclaimer: The presented information does not form financial, investments, trade or other types of advice and is only the opinion of the writer