Massive Liquidation Alert: $MOVE Short Squeeze Incoming.

A short liquidation of $5.1845K just triggered at $0.4585, signaling potential volatility ahead. Traders who were betting against $MOVE at lower levels are being forced out, which could fuel a price surge.

$MOVE Technical Analysis & Trade Setup

🔹 Resistance Zones:

$0.4800 - $0.4950 → First major hurdle where sellers might step in.

$0.5200 - $0.5500 → If momentum continues, this zone could act as the next resistance.

🔹 Support Zones:

$0.4450 - $0.4550 → Immediate support; losing this could invite more downside.

$0.4200 - $0.4300 → Stronger demand zone; potential bounce area if the price dips.

Trade Setup

Long Entry: Around $0.4550 - $0.4600, targeting continuation of the short squeeze.

Targets:

Target 1: $0.4800 (Safe profit-taking)

Target 2: $0.4950 (Breakout attempt)

Target 3: $0.5200 - $0.5500 (High momentum move)

Stop-Loss: Below $0.4450, as breaking this level could lead to further downside.

Market Sentiment & Strategy

With short positions getting liquidated, bulls may take control if volume sustains. A clean break above $0.4950 could trigger another round of short covering, leading to explosive price action. However, failure to hold $0.4450 might result in a deeper correction.

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