$MOVE Bounce Was Loud, But Gravity’s Louder.....
$MOVE rocketed from 0.1460 to 0.1904 in a parabolic burst, but the rally is already fading with long wicks and decreasing momentum. The rejection at the top signals potential exhaustion short-term traders may look for a reversal.
📉 SHORT Trade Setup
• Entry Zone: 0.1750 – 0.1780
• Stop Loss: Above 0.1845
• TP1: 0.1625
• TP2: 0.1520
• TP3: 0.1465
Market Insight:
Extreme volume spikes paired with a hard rejection suggest the move was driven by short-term speculation. Unless bulls reclaim strength fast, a mean reversion pullback is likely. Watch for price to test the base again.
Be cautious, stay nimble, and manage your risk.