After a brief rise in the MOVE index, the curtain is drawn on a downward trend!
Recently, MOVE experienced a slight rise, but this has not changed its overall weak trend. Now, the price has started to slowly decline, entering a fluctuating range. In the short term, market sentiment is poor, and a continued downward trend is almost inevitable.
Currently, MOVE is in a typical consolidation phase and may face significant selling pressure in the short term. The rise was merely a brief respite for the bears, and the risk of further declines is substantial.
If you are still waiting for a rebound, it is best to manage your risks, as the downward space has not yet been fully released based on the current pattern. The market has fallen into adjustment again; are you ready to respond?
Follow Jiang Ge to keep up with market trends, and let's get the rhythm right together!
