$MOVE Record Sharing
Yesterday, we caught a small divergence around 0.78 at the 4H level.
We can also see that the previous divergence quickly reflected in the market.
Additionally, with the liquidation data concentrated around 0.76, a significant number of short positions have accumulated, leading to a small rise in the short term 📈. Whether this momentum continues may depend on the overall market conditions.
Based on yesterday's analysis, starting from the midpoint of 0.77, the current increase is about 12%.
Currently, it is facing resistance at the large level of #fibonachi 0.5 (coin price 0.87). If it is a contract position, one might consider taking partial profits.
The current funding rate is positive, with only Bitget at -0.0328%.
Intraday, we will consider a pullback to cut long positions before making trades.
Predicting the market is about setting expectations for oneself, not investment advice. I hope everyone can enjoy a prosperous year in 2025.
Wishing everyone the best 💝
