1. Current Situation
- Price: $0.1564 (-6.85%)
- 24h range: $0.1495 (low) – $0.1714 (high)
- Volumes:
- 111.45 million MOVE
- 17.78 million USDT
2. Key Levels
- Support: $0.1495 (24h low)
- Resistance: $0.1714 (24h high)
- Intermediate levels:
- $0.1564 (current price)
- $0.1600 (psychological level)
3. Trading Scenarios
🔹 Scenario 1: Bounce from support ($0.1495)
- Condition: Price tests $0.1495 and shows signs of reversal (e.g., doji/hanging man on the 1H timeframe).
- Action:
- Entry into long with targets:
- $0.1564 (current level)
- $0.1600
- $0.1714 (24h high)
- Stop-loss: below $0.1490 (buffer 0.5%).
🔹 Scenario 2: Break of support ($0.1495)
- Condition: Price closes below $0.1495 on 15M/1H.
- Action:
- Entry into short with targets:
- $0.1450
- $0.1400 (psychological level)
- Stop-loss: above $0.1505.
🔹 Scenario 3: Consolidation in the range of $0.1495–$0.1600
- Condition: Price fluctuates in a narrow range without a clear direction.
- Action:
- Trading from range boundaries:
- Buy at $0.1495–$0.1520.
- Sell at $0.1580–$0.1600.
- Use small timeframes (15M) for precise entry.
4. Risk Management
- Position size: No more than 2-5% of the deposit on a single trade.
- Risk/Reward ratio: 1:2 or higher.
- Important: Monitor the volume – a decrease in volume during a bounce may signal weakness in the movement.
5. Additional Factors
- BTC Market: If Bitcoin shows strong movement, it may affect altcoins, including MOVE.
- News: Check the latest news on the MOVE project (possible catalysts).
Summary:
Today's plan focuses on trading within the range of $0.1495–$0.1714 with an emphasis on a bounce from support or a breakout. Conservative traders may wait for clear confirmation of a reversal or breakout before entering.
All financial risks and decisions are made by you only, always conduct your own analysis.