$MOVE : Long Liquidation Opens a Key Opportunity!
📊 $5.0955K in longs liquidated at $1.1167, signaling that bulls are losing strength. However, this presents a chance to prepare for a potential recovery or further downside move.
Key Levels to Watch
Support Zone: $1.05 - $1.10 (critical bounce area).
Resistance Zone: $1.18 - $1.20 (breakout level).
Potential Targets:
1. $1.25 (short-term).
2. $1.40 (medium-term).
3. $1.65 (long-term).
Trading Plan for $MOVE
Buy Zone
Dip Entry: $1.05 - $1.10 (if support holds).
Breakout Entry: Add positions above $1.20 after confirmation.
Targets
1. Target 1: $1.25
2. Target 2: $1.40
3. Target 3: $1.65
Stop Loss
Stop Loss Level: $1.03 (below support to minimize risk).
Next Steps
1. Bullish Case:
If price holds above $1.10 and breaks $1.20, a rally toward $1.25 and beyond could follow.
2. Bearish Case:
If price drops below $1.03, avoid entering as downside risk increases.
Tips:
Watch Volume: Increased volume near $1.20 indicates a stronger breakout.
Stay Disciplined: Use stop losses and avoid chasing after big moves.
MOVE is at a critical juncture – Be ready for action in either direction! 🎯
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