Open Short Position #MOVE /USDT
📍 Entry: 74.00- (2% up-down) {recommendedl
🎯 Take Profit (TP): 67.18
🛑 Stop Loss (SL): 75.30
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🔍 Analysis and Description:
The MOVE/USDT pair is currently facing significant selling pressure as it approaches the resistance zone near 75.30. This level has acted as a strong barrier in recent trading sessions, and the inability to break above it signals potential downside movement.
The market structure suggests that a bearish reversal is likely, with sellers dominating the momentum. A sell entry near 74.00 is recommended, as the price shows signs of weakening. The target is set at 67.18, which is a major support level and could act as a pullback zone where buyers might re-enter the market.
To manage risk, the stop loss is set at 75.30, just above the resistance level, ensuring minimal loss in case the market unexpectedly turns bullish.
This setup offers an excellent risk-to-reward ratio, making it a favorable trade opportunity. However, as always, keep an eye on market updates and adjust your strategy if the market conditions change. Trade cautiously and maintain strict discipline for the best results! 💡
#saffat
#trading
#MarketPullback
#Signal🚥. $MOVE
