$MOVE /USDT has shown strong upward momentum in recent days, breaking above a key resistance level. The current price is at $0.7095, and the Relative Strength Index (RSI) is overbought at 76.47, indicating potential for a short-term pullback.
Entry:
Consider a long entry at $0.7095, with a stop loss placed below the recent swing low at $0.6505.
Targets:
* Take Profit 1: $0.7499 (24-hour high)
* Take Profit 2: $0.7871 (depth level)
* Take Profit 3: $0.8188 (depth level)
Support and Resistance:
* Support: $0.6505, $0.5916
* Resistance: $0.7499, $0.7871
Caution:
Traders should be cautious of potential volatility and market fluctuations. It's important to monitor the market closely for any signs of instability or a potential breakout. Use proper risk management techniques and only invest what you can afford to lose.
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