Trading signals for $MOVE Scalping

Action: Buy and Sell positions

Entry range:

Buy position: $1.03 - $1.06

Sell position: $1.09 - $1.11

SL:

Long: 1.01

Short: 1.13

TP:

Long: $1.12 - $1.15

Short: $1.03 - $1.00

MOVE is currently consolidating in a narrow range of $1.02 - $1.10, following a period of high volatility earlier this month. The price has demonstrated significant resistance near $1.10 and strong support around $1.02. The current consolidation may indicate the potential for a breakout in either direction. For scalping, take advantage of the current range with quick entries and exits.

The Volume/Market Cap ratio is 15.79% indicating reasonable trading activity for day trading opportunities. With a 24-hour trading volume of $382.61 million (down 53.36%), swing trading may lean towards smaller moves. Be cautious of any deviations from the range, as it may signal a trend reversal.

Long: Ideal to enter after the price approaches the support level around $1.03-$1.06, targeting a breakout to $1.12.

Short: Best to enter near the resistance level at $1.09-$1.11 for the price to drop to $1.03 or lower.

Risk management: Set tight stop-loss levels (0.5%-1.5%) to protect capital and avoid losses during unexpected volatility. Monitor any sudden changes in volume or price patterns.

🥂Trade here👇$MOVE

🚨Note: Trade at your own risk. DYOR (Do Your Own Research).

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