Alright team, taking a look at $MOVE on the 1-hour chart here.
Definitely seeing a pretty clear downtrend establish over the last week or so, really since that peak around July 1st.
We've been grinding lower, and it looks like we're retesting the lows around that 0.1500 mark.
That purple lightning bolt indicates some volatility or a potential bounce attempt right at that previous support.
The question is, does 0.1500 hold as a solid support for a bounce, or are we looking at a break lower? If it breaks, we could be looking for the next leg down. If it holds and we see some buying volume come in, we might get a relief rally back towards the 0.1550 - 0.1600 area.
Keep eyes on this level. Volume will be key on this candle and the next few.