Analysis for the trade /$MOVE USDT with entry points:
(Current price: $0.2508, +4.98%)
1. Key technical levels
- Support:
- $0.2495-0.2500 (EMA7 + order cluster 43K-18K MOVE)
- $0.2480-0.2485 (EMA25 + large orders up to 77K MOVE)
- $0.2450 (EMA99, psychological level)
- Resistance:
- $0.2510-0.2515 (local maximum + sell wall 93K-92K MOVE)
- $0.2530-0.2535 (historical level)
- $0.2580 (maximum in 24h)
2. Balance of power (Order book)
- Buyers (33.77%):
- Concentrated on $0.2480-0.2500
- Maximum order: 77K MOVE @ $0.2482
- Sellers (66.23%):
- Dominating in the zone of $0.2510-0.2530
- Largest wall: 94K MOVE @ $0.2509
Conclusion: Clear advantage for sellers, but buyers are active at lower levels.
3. Indicators and trend
- EMA:
- Price > EMA7 ($0.2467) and EMA25 ($0.2446) - short-term bullish trend
- EMA99 ($0.2400) below - long-term trend in question
- MACD:
- DIF (0.0013) > DEA (0.0011), but histogram is minimal - weak momentum
- Volumes:
- Current volume (1.41M) > MA5 (1.18M) - confirmation of movement
- 30-day trend: -49.16% - bearish pressure remains
4. Trading scenarios
🔵 Long (Buy) - Cautious entry
- Entry point: $0.2480-0.2490
- Confirmation:
- Doji/Hammer + volume > 1.5M
- Take profits:
- TP1: $0.2515 (50%)
- TP2: $0.2530 (30%)
- TP3: $0.2550 (20%)
- Stop-loss: $0.2470
🔴 Short (Sell) - Main scenario
- Entry point: $0.2515-0.2520
- Confirmation:
- Bearish engulfing + volume decline
- Take profits:
- TP1: $0.2490 (60%)
- TP2: $0.2470 (40%)
- Stop-loss: $0.2535
5. Risk management
- Risk: No more than 1-2% of the deposit
- R/R: 1:2.5 for long, 1:3 for short
- Tactics:
- In a long position: Trailing SL after $0.2510
- In a short position: Partial profit taking at $0.2500
6. Final recommendations
- Priority: Sales in the zone of $0.2515-0.2525
- Alternative: Purchases only on a deep pullback to $0.2480
- Critical factors:
- High selling pressure (66.23%)
- 30-day bearish trend (-49.16%)