⚠️ Bearish Alert! $MOVE Short Trade Setup ⚠️
📉 Bearish Trading Signal for MOVE
📊 24-Hour Price Overview:
High: $0.5380
Low: $0.4485
Current Price: $0.5186
Support Levels: $0.4950 / $0.4600
🔻 Entry Price: $0.5150 - $0.5200
🔻 Stop Loss: $0.5300 - $0.5350
📉 Bearish Target Predictions
1st Target: $0.5100 - $0.5070 (0.5% - 1%)
2nd Target: $0.5050 - $0.5030 (1.3% - 2%)
3rd Target: $0.5010 - $0.4980 (2.5% - 3.2%)
🔻 Extra Target: $0.4850 - $0.4700 (7% - 10%)
🔥 Extended Bearish Target: $0.4300 - $0.4050 (13% - 17%) if the downtrend persists
✅ Safe Zone for Partial Profit: $0.5000 - $0.4850
📉 Market Analysis
Moving Averages: Price remains under short-term moving averages, indicating potential continued downward movement.
RSI: Slightly oversold, indicating further downside could be likely.
MACD: Bearish crossover confirmed, suggesting weakening bullish momentum.
Bollinger Bands: Price nearing lower Bollinger Band, further supporting a potential drop.
Volume: Increasing volume on downward movement, signaling selling pressure.
🚨 Conclusion:
MOVE is under bearish pressure with resistance near $0.5300. If the price breaks below $0.5050, the downtrend could gain momentum towards $0.4700 and possibly even $0.4300. Keep monitoring the price and market sentiment.
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