$MOVE USDT - BULLISH BREAKOUT IMMINENT! š
Here's a quick technical analysis of the $MOVEUSDT chart:
Key Levels:
* Current Price: 0.1459 š¢
* Resistance 1: 0.1465 - 0.1468 (This is the zone where price is currently consolidating below the blue line on the chart).
* Resistance 2: 0.1480 (Upper green box on the right side of the chart).
* Support 1: 0.1450 (The green line on the chart, where price found recent support).
* Support 2: 0.1443 (The red line on the chart, acting as strong immediate support).
Trade Setup:
We're looking at a potential LONG entry given the current price action and the retest of prior resistance as support.
* Entry: Consider an entry around 0.1457 - 0.1460 (current consolidation zone).
* Target 1 (TP1): 0.1470 šÆ
* Target 2 (TP2): 0.1480 š
* Stop Loss (SL): 0.1448 š (Just below the immediate support level of 0.1450 and the red line).
Risk Management:
Always define your stop-loss before entering a trade and risk only a small percentage of your trading capital (e.g., 1-2%) per trade. This helps protect your capital from unexpected market moves. Remember to use proper position sizing! š°
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