๐ $MOVE Coin 15-Minute Analysis โ Bearish Setup in Play!
On the 15-minute timeframe, MOVE is showing a bearish market structure, with a change of character (ChOCH) confirming the trend.
๐ Key Insights:
โ๏ธ London Session ORB Breakout: An Order Block (ORB) was formed in the London session, followed by a breakout, leading to a 5% drop.
โ๏ธ Descending Channel: Price is moving within a clear channel, and we are targeting another 5% drop towards $0.4921.
โ๏ธ Smart Money Approach: Shorting from the upper resistance of the channel with proper risk management and leverage can result in great profits.
โ๏ธ Trade Invalidation: If price moves back to the change of character line, the setup will be invalidated.
โก Plan: Watch price action carefullyโif the structure holds, we aim for the next 5% move down with precision! ๐
