$MOVE /USDT UNDER PRESSURE โ CRUCIAL SUPPORT TEST IN PLAY โ ๏ธ๐
MOVE is trading at $0.1743 (-2.73%), facing a sharp decline after failing to hold above $0.1815 (24h high). Price is now testing a critical support zone near the 24h low of $0.1731, and the market may soon decide between a rebound or further breakdown.
๐ Key Technical Levels
Current Price: $0.1743
24h High: $0.1815
24h Low: $0.1731
Resistance Levels:
$0.1765 โ First resistance on recovery
$0.1790 โ Key trend resistance
$0.1815 โ Breakout confirmation
Support Levels:
$0.1730 โ Immediate support
$0.1680 โ Major structural support
๐ Trade Setup โ Reactive Play
Long (Only on bounce)
Entry Zone: $0.1730โ$0.1745 (watch for 15m or 1H bullish confirmation)
TP1: $0.1765
TP2: $0.1790
TP3: $0.1815
Stop Loss (SL): $0.1690
Short (If breakdown occurs)
Entry: Below $0.1725 (on high volume break)
TP1: $0.1700
TP2: $0.1680
SL: $0.1750
๐ Market Insight
MOVE is in a downward pressure channel, and current volume ($3.33M) is relatively low, which may hinder a strong reversal.
A clean break below $0.1730 with increased volume could open a drop toward $0.1680.
However, if $0.1730 holds and bounces, short-term traders may catch a quick scalp toward resistance zones.
โ
Risk Management
Only risk 1%โ1.5% of capital.
Be quick to exit on invalidation โ this is a volatile zone.
Confirm with candlestick patterns and volume spikes before acting.
๐ก Summary:
$MOVE /USDT is in a critical decision zone at $0.1730โ$0.1745. A bullish reversal could offer a bounce toward $0.1815, but a breakdown could accelerate selling toward $0.1680. Stay alert and trade only on clear confirmation.
Patience pays when the chart is undecided. React, donโt guess. ๐๐๐
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