$MOODENG Long Liquidation $6.6307K at $0.05273
Longs just got flushed at 0.05273, forcing market sells that pushed price lower. When long positions get liquidated, it usually creates quick downside pressure because those exits hit the book instantly.
If MOODENG stays below 0.053, sellers may keep control and we could see continuation toward the next support area. Weak bounces with low volume would confirm bearish strength.
But if price quickly reclaims 0.053 and holds, this could turn into a simple shakeout before a recovery.
Right now momentum leans bearish, but the next move depends on whether buyers step in with real volume or not.
#Mooddeng $MOODENG