$MOVE /USDT Trading Signal
Current Price: $1.1060
Key Levels to Watch
Resistance Levels:
$1.1150: Immediate resistance; a breakout could lead to further bullish momentum.
$1.1250: Next target if the price sustains upward movement.
Support Levels:
$1.0950: Closest support level to monitor for a potential rebound.
$1.0800: Key support to prevent further downside pressure.
Trading Strategy
Long Position:
Entry: Around $1.1060
Targets: $1.1150 and $1.1250
Stop-loss: $1.0950
Short Position:
Entry: Below $1.0950
Targets: $1.0800 and $1.0700
Stop-loss: $1.1150
Market Insight
The RSI is at 54, indicating neutral momentum, with a potential for bullish continuation. The MACD shows slight upward movement, signaling mild bullish sentiment. A breakout above $1.1150 could trigger further buying pressure, while a drop below $1.0950 may lead to a retracement.
Monitor these levels carefully and adjust your strategy based on market action. Manage your risks effectively...