📉 $MOVE /USDC BEARISH SETUP – PRICE FACES PRESSURE NEAR RESISTANCE ZONE 🚨
🔍 Technical Outlook:
$MOVE is currently trading at $0.1662, down -5.94% on the day. After testing the upper resistance, the price is showing signs of exhaustion with bearish momentum building.
📊 Key Levels to Watch:
🔺 Resistance:
$0.1719 – Short-term resistance
$0.1850 – Strong 24h high resistance zone
🔻 Support:
$0.1623 – Immediate support
$0.1580 – Key demand zone
$0.1520 – Potential breakdown target
📉 Bearish Signals:
Price rejection near upper Bollinger Band
MACD showing a bearish crossover
Volume dropping, indicating weak buyer interest
EMA & MA sloping down, confirming bearish trend
📉 TRADE SETUP – SHORT POSITION
💼 Entry Zone: $0.1660 – $0.1680
🎯 Targets (TP):
TP1: $0.1623
TP2: $0.1580
TP3: $0.1520
🛡️ Stop Loss (SL): $0.1725
📐 Risk:Reward: ~1:2.5 at TP2
⚠️ RISK MANAGEMENT:
💰 Risk only 1–2% of capital per trade
🛑 Always use stop-loss
📈 Confirm entries with volume & MACD signals
📉 Bearish pressure is mounting — ideal zone for short-term traders to capitalize!
📌 Stick to your plan. Manage risk. Trade wisely. 💼📊
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