1. Review of yesterday's trend
From the K-line chart perspective, MOVE continued its bullish trend yesterday, strongly rising from the 1.05 area and breaking through the 1.12 resistance. The current price is around 1.12, showing a strong bullish pattern, accompanied by increased trading volume, indicating a significant enhancement in market bullish sentiment.
2. Technical indicator analysis
Moving average system (MA): MA7 (short-term moving average), the price is stable above MA7 (1.08), showing a clear short-term upward trend; MA30 (medium-term moving average), MA30 shows a bullish arrangement and continues to rise, indicating a strong medium-term trend; MA100 (long-term moving average), the price is far above MA100 (0.95), indicating that the overall trend is still under bullish control.
Bollinger Bands (BOLL): MOVE's current price is near the upper Bollinger Band, indicating that a short-term oscillation or slight pullback may occur, but the overall trend still leans towards strength.
MACD indicator: DIF and DEA form a golden cross above the zero axis and expand upwards, indicating a sustained release of bullish strength.
RSI indicator: RSI value is about 70, slightly overbought, but there is still potential for further upward movement in a strong market.
3. Today's trend prediction
The short-term trend of MOVE remains bullish, but the current price is approaching the previous high point in the 1.22 area, expecting oscillation between 1.15 and 1.22. If it can effectively break through the 1.22 resistance, the price is likely to rise further, challenging 1.25 or even higher target levels.
4. Today's operation suggestions
Direction: Bullish
Opening position: 1.12-1.13
First take profit level: 1.18
Second take profit level: 1.22
Stop loss level: 1.08 (key support level)
5. Risk warning
Technical pullback risk: The RSI indicator shows an overbought signal, and there may be pullback pressure in the short term.
Resistance breakthrough risk: If the price fails to effectively break through 1.15 and 1.22, be cautious of the possibility of high-level oscillation.
6. Comprehensive summary
MOVE still has strong upward momentum today, but attention should be paid to the performance in the resistance areas of 1.15 and 1.22. It is recommended to buy on dips during pullbacks while strictly controlling risks and maintaining a flexible operating strategy.
Upward momentum is building, can MOVE break through 1.22? Follow Mr. Qiu, we help you seize every precise opportunity!
