$MOVE /USDT Rebound in Progress: Key Levels to Watch
$MOVE /USDT is showing signs of recovery, currently trading at $0.6276, after bouncing from lower levels. Bulls are stepping in to push toward resistance zones.
Technical Analysis:
Support Zone: $0.6000 ā $0.6100
Immediate Resistance: $0.6400
Key Resistance: $0.6800
The upward move is supported by increasing buying volume, indicating the potential for continuation toward key resistance levels.
Trading Signal:
Entry Zone: $0.6200 - $0.6300
Targets:
1. Target 1: $0.6400
2. Target 2: $0.6600
3. Target 3: $0.6800
Stop Loss: Below $0.6100
Market Insights:
A successful break above $0.6400 would confirm bullish strength, paving the way for higher targets.
Risk-to-reward remains favorable with proper stop-loss management.
Risk Management Tip: Take profits at each target and use trailing stop-losses to lock gains during upward momentum.
