Timeframe: 4H (Long-Term Setup)
MOVE is testing a long-term descending trendline. After months of consistently lower highs, we may be on the verge of a bullish breakout.
The previous breakout attempt in April was a fakeout, but the current consolidation near resistance looks healthier and more sustainable this time.
Key Levels to Watch:
Resistance Levels (Upside Targets):
$0.1446 (Current Zone / Breakout Level)
$0.2265 – Mid-term target
$0.3397 – Key structural resistance
$0.5449 – Long-term target if trend reverses fully
Support Levels:
$0.1312 – Immediate support
$0.1173 – Major long-term base support (strongest defense)
Suggested Stop-Loss:
Below $0.117 (invalidates breakout structure)
Outlook:
If MOVE breaks and holds above the descending trendline, a major trend reversal could follow.
The setup suggests accumulation at the bottom, and volume confirmation will be key.
Patience is crucial — this is a long-term opportunity, not a quick trade. Small caps often move explosively once supply zones are cleared.
DYOR | Not Financial Advice