technical analysis and trade signal for the $MOVE /USDT馃殌馃殌馃殌馃殌
Current Price: $0.7239 (+13.39% in the last 24 hours)
Support Level: $0.6855 (SAR Value)
Resistance Levels:
Target 1: $0.7495 (24h High)
Target 2: $0.7800 (Potential Resistance)
Target 3: $0.8000 (Psychological resistance)
Trade Momentum:
Bullish Momentum: The pair is currently in an uptrend, supported by the +13.39% rise in the last 24 hours.
Short-term Momentum: The 15-minute and 1-hour charts indicate a slight pullback, but the overall bullish trend remains intact. As long as the price holds above the $0.6855 SAR value, the bullish momentum should continue.
Volume: With 205.20M MOVE traded and 136.29M USDT in the last 24 hours, the market shows healthy trading activity, supporting the upward movement.
Trade Signal:
Entry: Buy around $0.7239 (current price).
Target Levels:
Target 1: $0.7495 (Expected resistance break)
Target 2: $0.7800 (Potential resistance level)
Target 3: $0.8000 (Psychological resistance)
Stop Loss: Consider setting a stop loss around $0.6850 to minimize risk if the price breaks below the SAR level.
Momentum:
The bullish momentum remains strong for MOVE/USDT, but traders should watch for any sudden reversal signals or loss of support near the SAR level. If the price fails to hold above $0.6855, a short-term pullback or trend reversal might occur.
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