$MOVE /USDT - Bearish Momentum with Key Support Test
Current Price: $0.9887 (-5.37%)
24H High: $1.0539
24H Low: $0.9556
---
Key Levels to Watch:
Immediate Support: $0.9550
Immediate Resistance: $1.0180
---
Market Analysis:
$MOVE has been on a declining trajectory after testing a high of $1.1548. The price is now consolidating near the $0.9550 support zone, with bearish indicators reflecting low momentum. A decisive move either above $1.0180 or below $0.9550 could dictate the next trend.
---
Trading Strategy:
For Long Positions:
Entry Zone: $0.9500 - $0.9600
Target 1: $1.0180
Target 2: $1.0530
Stop Loss: $0.9400
For Short Positions:
Entry Zone: $1.0100 - $1.0200
Target 1: $0.9700
Target 2: $0.9400
Stop Loss: $1.0300
---
Observation:
The MACD shows a neutral reading but leans bearish. Traders should be cautious as the consolidation phase could lead to volatility spikes. Monitor volume for any signs of reversal or continuation.
#MOVEUSDT #CryptoSignals #BinanceTrading #ATASurgeAnalysis #GMTBurnVote
