$MOVE
/USDT Technical Analysis and Trade Signal💯🔥
Overview:
Current Price: $0.8945
Price Change: -14.07% (24h)
24h High: $1.0471
24h Low: $0.8935
24h Volume: 60.47M MOVE / 57.78M USDT
Technical Analysis:
Trend: Bearish (downtrend seen with a 14.07% drop in 24 hours and price sitting near the 24h low).
Support Level: $0.8935 (Strong support near the current low)
Resistance Levels:
1. $0.9471
2. $0.9184
3. $0.9760
Momentum:
The market is bearish at the moment due to a recent drop, but there may be a potential bounce if support at $0.8935 holds.
RSI and moving averages (not shown here) would likely show signs of a potential oversold bounce if they align.
Volatility: The price action over the past 24 hours shows significant movement, with highs and lows nearly 20% apart, suggesting caution in trade entry.
Trade Signal:
Entry:
Buy near $0.8935 if support holds with an upward price momentum.
Sell near resistance at $0.9471 for a short-term trade, especially if moving averages align for short-term upside potential.
Target Levels: 🎯
1. $0.9184 – First resistance level.
2. $0.9471 – Second resistance level (watch for breakout above).
3. $0.9760 – Potential third resistance (strong upward momentum may break this).
Stop Loss and Take Profit Suggestions:
Stop Loss: Below $0.8935 (keep risk limited).
Take Profit: Target initial resistance at $0.9184, then move to $0.9471.
Disclaimer: Always verify the latest chart data, use caution in volatile conditions, and ensure risk management.