Cryptocurrency Trading Signal Alert for MOVE/USDT (4-Hour Chart)

Overview: MOVE/USDT has demonstrated an explosive upward momentum, surging by 4897% in the last 24 hours. The price rocketed from a low of $0.0200 to a high of $1.4100, signaling strong bullish pressure. After reaching its peak, the coin is currently trading at $0.9994, suggesting possible consolidation or a cooldown phase.

Key Levels:

Support: $0.4600 (near the breakout zone), $0.0200 (recent low).

Resistance: $1.4100 (24-hour high).

Trade Details:

Entry Price: Consider entering around $0.8000-$0.9000, closer to key support levels.

Take-Profit Targets:

1. $1.2000 (intermediate resistance).

2. $1.3500 (near the high).

3. $1.5000 (potential breakout target).

Stop Loss: Place a stop loss below $0.7000, ensuring risk management in case of sudden reversals.

Cautionary Note: Given the extreme volatility, traders should watch for signs of stabilization or potential breakouts above $1.4100. Monitor the trading volume closely for indications of sustained momentum or weakening demand.