📉 $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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