technical analysis and trade signals for the $MOVE

/USDT pair:

Technical Analysis:

Current Price: $1.12 (+1.49%)

24h High/Low: $1.2296 / $1.0661

Support Level: $1.10

Resistance Level: $1.23

Moving Averages:

MA(5): 1.269M (Bullish momentum)

MA(10): 1.556M (Bullish momentum)

Volume: 711,356 (Moderate trading activity)

Price Action: The price is trending upwards, supported by recent price movement above $1.12. The 5- and 10-period moving averages indicate an upward momentum.

Trade Signals:

Buy Signal: Enter near $1.10 if price shows bullish confirmation above the support level.

Sell Signal: Consider taking profits if price approaches the resistance level near $1.23, especially if momentum starts to weaken.

Targets 🎯:

1. Target 1: $1.20 (Short-term resistance)

2. Target 2: $1.23 (Strong resistance level)

3. Target 3: $1.30 (Next potential resistance if momentum continues

Trade Momentum:

The upward momentum is sustained by strong volume and bullish moving averages. Watch for price action near resistance levels for potential reversals or further breakouts. Use stop-loss orders below $1.10 to minimize risk.