50% bounce is possible at the bullish rounded bottom

Moo Deng pulled almost 40% of his recent High, but the current correction can place the stage for the next bullal leg. The critical support zone appears.

After an explosive move more, Moo-Deng (Moodeng) has entered the corrective phase, but it seems healthy in the width of the Bullish structure. The price of the price was dragged back towards $ 0.20, which means multiple technical indicators with high confidence, suggesting that this level could act as a springboard for renovated rally.

Despite the sharp fall of $ 0.35 in the trend remains intact. The market structure shows signs of forming potential higher low, while Bulsh Constructions continue to build on current levels. Merchants should carefully observe the signs of power returning to support.

Key technical points,

• Main Support to $ 0.20: 200 MA, 0.618 Fibonations, area of ​​value Low and Daily SR
• Formation of round DNA: The potential basic base is formed on the daylight
• Movements target at $ 0.31: 50% move could follow if supporting support and support structure

The Moo Dengue correction began after a strong momentum in the amount of $ 0.35, activating aggressive return. However, this cutting is not unusual, followed by a steep and volatile rally. The current move returned to $ 0.20 level, which carries a significant technical weight. This area coincides with the search of the latest legs of 0.618 fibination, and the 200-daily movement of average, daily resistance zone and value area low on the volume profile.

Mateau, the price of the price starts to form a round form of the lower part. Although it is still developing, this type of structure usually indicates accumulation and often precedes movements are moved. The longer Moo Deng consolidates and contains above $ 0.20, it becomes credible DNA formation.

From the perspective of the market structure, maintaining this support would confirm the larger low in the wider posttrend, the Bikov signal. The Underliness of Technical Levels This area of ​​high probability for a reversal if customers regain control.

What to expect in the upcoming price of the store

If a $ 0.20 support region is still holding, and the round bottom of the structure matures, Moo Deng could use the college to $ 0.31, which is almost 50% transition from current levels.

The Billish trend remains intact, and this move can be shown by the necessary reset before the next impulsive leg. Merchants should follow the circumference and behavior of prices closely around supporting early signs of reversal.