$MOG – Should Hold the Line at 0.40

surges 11.71%, just ran cleanly intraday — topping 0.63 before cooling off to 0.45. The local support that it needs to hold now is 0.40

The spike is fueled by bullish technicals, a burst in derivatives activity, and renewed social buzz.

Technical Outlook:
On the lower timeframe, we want to see 0.40 hold — if it does, price could retrace and fill half of its upwick toward 0.50

On the higher timeframe, a strong double bottom is forming, and with maintaining its key structure, the setup is quietly aligning for a potential move higher.

However, a break below 0.40 opens the door for a retest of 0.20s, filling its downwick — and if momentum fades further, we could even see a deviation toward 0.14 before any real recovery.

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