Coin Pair: $MOVE /USDT

Overview:

MOVE/USDT has experienced a significant decline in the past 24 hours, with a 24.52% price drop. The current price is $0.6904. The chart shows a clear bearish trend with lower highs and lower lows. The Relative Strength Index (RSI) is currently at 45.4972, indicating a potential oversold condition.

Entry:

* Long Entry: Wait for a reversal candle (e.g., bullish engulfing, hammer) to confirm a potential bottom and enter at the close of the reversal candle.

* Short Entry: Consider shorting on a break below the recent low of $0.6014 with a stop loss above the recent high of $0.8643.

Key Levels:

* Resistance: $0.8643, $1.4100

* Support: $0.6014, $0.5882

Take-Profit Targets:

* Target 1: $0.8643 (25% profit)

* Target 2: $1.0000 (45% profit)

* Target 3: $1.4100 (104% profit)

Stop Loss:

* Long: Place a stop loss below the recent low of $0.6014.

* Short: Place a stop loss above the recent high of $0.8643.

Caution:

* Traders should exercise caution as the market is currently in a bearish trend.

* Watch for stability or potential breakout signals before entering trades.

* Always use proper risk management techniques and consider consulting with a financial advisor.

Hashtags:

#MOVEUSDT #CryptoTrading #TradingSignal #Binance #TechnicalAnalysis