$MOVE 4H Analysis – Explosive Breakout After Compression 🔥
After trading in a tight compression range, MOVE just printed a massive breakout candle, clearing all major EMAs (50/100/200), and briefly spiking over +35% in less than 24h before pulling back slightly.
📈 Key Levels:
Immediate Resistance: $0.5800 – top of the breakout wick, a strong local rejection point.
Major Resistance: $0.63 – previous structure from late January.
Support Zone: $0.5000 – round level and top of previous consolidation.
Key Support: $0.4700 the 200/100 EMA cluster that now serves as a critical trend support.
🧠 Outlook & Strategy:
This was a clean breakout setup, fueled by volume and a reclaim of all moving averages. A small rejection at $0.58 is healthy after such a vertical move. If bulls defend $0.50–$0.48, we could see continuation toward $0.60–$0.63. Any close below $0.4550 would weaken the structure and invalidate the move