$MOVE 📌 MOVE/USDT Trade Setup – Bearish Continuation 🚨
📊 Current Market Overview (2H Chart - Binance)
🔹 Current Price: $0.5480
🔹 Key Resistance Levels: $0.5579 – $0.5665 (Short-Term Rejection Zone)
🔹 Key Support Levels: $0.5400 – $0.5250 (Next Demand Zone)
📉 Chart & Pattern Analysis
🔸 Current Pattern: Lower Highs & Lower Lows (Bearish Trend)
🔸 Candle Formation:
Price failed to hold above EMA levels ($0.5579 – $0.5665).
Bearish engulfing formation → Strong rejection at moving averages.
🔸 Trend Signal:
Short-term: Bearish pressure increasing.
Mid-term: If price drops below $0.5400, further decline toward $0.5250 expected.
📉 Indicator Analysis & Trend Confirmation
✅ RSI (Relative Strength Index):
Current RSI: 42.82 (Weak Momentum).
RSI below 50, indicating bearish sentiment.
✅ ADX & DI (Trend Strength Analysis):
ADX: 22.72 (Moderate trend strength).
DI+ (Green): 15.87 vs DI- (Red): 14.76 → Bearish crossover forming.
✅ Volume Analysis:
Increasing sell volume, indicating strong downside pressure.
If volume remains high, price could break below $0.5400.
💰 Trade Plan & Strategy (Short Position)
📌 Trade Type: Short (Sell Position)
📌 Entry Zone: $0.5500 – $0.5550 (Rejection Area)
📌 Take Profit (TP): $0.5400 – $0.5250 (Next Support Zones)
📌 Stop-Loss (SL): $0.5650 (Above Resistance)
📌 Risk-Reward Ratio: 1:2+
⏳ Trade Duration: Short-Term (4-12 Hours)
📢 Final Market Outlook & Trade Confirmation
🚨 Bearish Signal Strength: High (Needs Breakdown Confirmation)
🔍 Key Confirmation Required:
Break below $0.5400 with volume increase → Validates the short trade.
If price reclaims $0.5650, trend shifts bullish.
⚠️ Invalidation Level: If price breaks above $0.5650, the trade is invalid, and a move toward $0.5800+ could happen.
📌 Disclaimer: Not financial advice. Do your own research (DYOR). Crypto trading involves high risk. 🚀
Would you like a follow-up update if price breaks key levels? 📊
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