Analysis and Trading Recommendations for Currency $MOVE - Binance
Currency $MOVE is currently trading at $0.25 within a narrow range with strong support at $0.23 and resistance at $0.26. The optimal strategy for short-term trading:
📊 Entry Points: Buy between $0.233-$0.240 when testing the support line.
💰 Exit Points: Sell at $0.255-$0.265 or before May 8 to avoid the impact of the release of 50 million tokens on May 9.
⚠️ Risks: Stop loss at $0.22 - be cautious of expected volatility due to recent news about the manipulation scandal.
💡 Recommendation: Trade with a small size and take advantage of the fluctuations within the specified range. Monitor trading volume as an indicator of price direction.
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