📈 Trade Setup (Spot): Intraday Strategic Plan for $MOVE /USDT
🔍 1. Technical Context of the Day
Approximate price: ~$0.1399 USDT
Intraday high: ~$0.1451 USDT
Intraday low: ~$0.1329 USDT
24h Volume: ~$31.21M USDT
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Importance: The price of MOVE is in a consolidation phase after a strong previous decline. It approaches a key descending trend line that, if broken upwards, could trigger a recovery movement.
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🟢 2. Suggested Entry Zone (Buy Zone)
Range: $0.1400 – $0.1435 USDT
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Rationale: Support zone detected in 1H and 4H timeframes, with recent bounces showing buyer interest.
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🎯 3. Profit Targets (Take Profit)
TP1: $0.1480 USDT
TP2: $0.1550 USDT
TP3: $0.1625 USDT
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Analysis: TP1 coincides with immediate resistance in 15m and 1H frames. TP2 and TP3 correspond to structural resistances in 4H, relevant for the continuity of the bullish momentum.
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🛡️ 4. Protection Level (Technical Stop-Loss)
Recommended SL: $0.1375 USDT
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Justification: Located just below the key support to reduce risks against possible pullbacks.
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📊 5. Key Technical Confirmations
MACD (1H): Active bullish crossover.
EMA 9/21 (1H): Confirmed bullish crossover.
RSI (1H): ~62, no signs of overbought.
Volume: Increase in pullbacks towards $0.1400, a sign of accumulation prior to a possible bounce.
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⚙️ 6. Risk Management and Execution
Risk: Maximum 2% of capital per trade.
Discipline: Avoid impulsive entries and FOMO.
Monitoring: Monitor 15m and 1H candles every 1–2 hours to adjust the trade.
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💡 Final Insight
The technical structure of MOVE suggests a possible short-term rebound, but it is key to confirm the breakout of the descending resistance with volume before opening a position. If the price falls below $0.1375 without bouncing, it is better to wait for a new support zone before re-entering.