$MOVE

/USDT Technical Analysis and Trade Strategy🎯📈

Current Overview

Current Price: $0.6106

24h High: $0.6806

24h Low: $0.5916

24h Volume:

MOVE: 88.06M

USDT: 55.47M

SAR: $0.5934 (Potential Support)

AVL (Average Volume Level): $0.6079

Technical Indicators

Trend: Mild Bearish (-2.01% in the last 24 hours)

Support Levels:

Primary: $0.5934 (SAR)

Secondary: $0.5916 (24h Low)

Resistance Levels:

Primary: $0.6300 (Near-term Resistance)

Secondary: $0.6806 (24h High)

Trade Setup

Long Entry Zone

Entry: Between $0.6000 and $0.6100

Look for a bounce above support at $0.5934 with increasing volume.

Stop Loss

Long Stop: $0.5850 (Below SAR and 24h Low)

🎯 Target Levels for Long Trade

1. Target 1: $0.6300 (Approx. 3% Profit)

2. Target 2: $0.6500 (Mid-resistance)

3. Target 3: $0.6800 (24h High, Approx. 11% Profit)

Short Entry Zone

Entry: Below $0.5900 (Breakdown of Support)

Stop Loss: $0.6150 (Above AVL)

🎯 Target Levels for Short Trade

1. Target 1: $0.5700 (Approx. 3% Profit)

2. Target 2: $0.5500 (Next Support Level)

3. Target 3: $0.5200 (Deeper Support Zone)

Strategy Execution

1. Monitor Volume:

Long Trade: Confirm bounce from $0.5934 with increased buying volume.

Short Trade: Confirm breakdown of $0.5900 with strong selling pressure.

2. Risk-Reward Ratio: Aim for a 2:1 reward-to-risk ratio.

3. Trailing Stop: Use a trailing stop to secure profits after hitting Target 1.

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