šØ $MOVE /USDT: AT A CRUCIAL TURNING POINT! šØ
The MOVE token is currently trading at $1.0691, showing a decline of 6.69% in the last 24 hours. After hitting a 24-hour high of $1.2296, it has retraced, but the trading volume remains strong, signaling potential volatility ahead.
Key Levels to Watch:
Support: $1.0500 ā A critical level to hold to avoid further downside.
Resistance: $1.2296 ā Breakout zone for renewed bullish momentum.
Trade Setup:
Entry Point: Around $1.0691
Targets:
1. $1.1200 (short-term recovery)
2. $1.2000 (mid-term rally)
3. $1.2500 (potential breakout)
Risk Management:
Stop-loss: $1.0400 ā Protect against further declines.
Market Insight:
Despite the recent dip, MOVE remains in a high-volume trading zone. Watch for price action near $1.0500 as a strong bounce could signal the start of a recovery. Keep a close eye on resistance at $1.2296 for bullish continuation.
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