Analysis and Signal for $MOVE /USDT on Binance
Analysis:
Current Price: $0.6216 (-1.32%)
24h Range: $0.6050 - $0.6976
The price peaked at $0.6976 before retracing to $0.6216, showing selling pressure.
Immediate support is at $0.6050, while resistance lies at $0.6309 and $0.6667.
Trading Signal:
Entry Point: $0.6216
Target (TP1): $0.6309
Target (TP2): $0.6660
Stop Loss (SL): $0.6050
Strategy:
Look for a bounce toward $0.6309 (TP1) and hold for $0.6660 (TP2) if buying pressure increases.
Protect the trade with a Stop Loss at $0.6050 to limit downside risk.
Disclaimer: Always practice risk management and monitor price action closely.