$MOVE /USDT UNDER PRESSURE – CRUCIAL SUPPORT TEST IN PLAY ⚠️📉
MOVE is trading at $0.1743 (-2.73%), facing a sharp decline after failing to hold above $0.1815 (24h high). Price is now testing a critical support zone near the 24h low of $0.1731, and the market may soon decide between a rebound or further breakdown.
🔍 Key Technical Levels
Current Price: $0.1743
24h High: $0.1815
24h Low: $0.1731
Resistance Levels:
$0.1765 – First resistance on recovery
$0.1790 – Key trend resistance
$0.1815 – Breakout confirmation
Support Levels:
$0.1730 – Immediate support
$0.1680 – Major structural support
📈 Trade Setup – Reactive Play
Long (Only on bounce)
Entry Zone: $0.1730–$0.1745 (watch for 15m or 1H bullish confirmation)
TP1: $0.1765
TP2: $0.1790
TP3: $0.1815
Stop Loss (SL): $0.1690
Short (If breakdown occurs)
Entry: Below $0.1725 (on high volume break)
TP1: $0.1700
TP2: $0.1680
SL: $0.1750
📊 Market Insight
MOVE is in a downward pressure channel, and current volume ($3.33M) is relatively low, which may hinder a strong reversal.
A clean break below $0.1730 with increased volume could open a drop toward $0.1680.
However, if $0.1730 holds and bounces, short-term traders may catch a quick scalp toward resistance zones.
✅ Risk Management
Only risk 1%–1.5% of capital.
Be quick to exit on invalidation — this is a volatile zone.
Confirm with candlestick patterns and volume spikes before acting.
💡 Summary:
$MOVE /USDT is in a critical decision zone at $0.1730–$0.1745. A bullish reversal could offer a bounce toward $0.1815, but a breakdown could accelerate selling toward $0.1680. Stay alert and trade only on clear confirmation.
Patience pays when the chart is undecided. React, don’t guess. 📉📊📈
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