๐ Timeframe: 4H | Long-Term Breakout Setup โ $MOVE
MOVE is currently retesting a key descending trendline after months of forming lower highs. While a previous breakout attempt in April turned out to be a fakeout, the current tight consolidation near resistance appears far more sustainable โ hinting at a potential trend reversal on the horizon. ๐๐
๐ Key Levels to Watch:
๐ Resistance (Upside Targets):
$0.1446 โ Breakout zone
$0.2265 โ Mid-term resistance
$0.3397 โ Structural resistance
$0.5449 โ Long-term bull target
๐ก Support Zones:
$0.1312 โ Immediate support
$0.1173 โ Strong long-term base
โ๏ธSuggested Stop-Loss:
Below $0.117 to invalidate breakout structure
๐ Outlook:
Should MOVE break and hold above the trendline with volume confirmation, a strong accumulation breakout could follow. This is not a short-term trade โ itโs a longer play often seen in small-cap tokens before explosive upside.
Patience is key. Let the chart confirm before rushing in. ๐ง ๐ฅ
DYOR | Not Financial Advice