Technical Analysis for $MOVE

/USDT:

Current Price: $0.7534 (+14.52%)

Trade Signal:

Momentum: Bullish

Recent breakout above resistance at $0.70, with strong volume support.

The 24h high near $0.7553 signals potential continuation if momentum sustains.

Targets 🎯:

1. Target 1: $0.78 (Next resistance zone)

2. Target 2: $0.84 (Strong psychological and technical level)

3. Target 3: $0.90 (Bullish extension with upward momentum)

Stop-Loss:

Place stop-loss at $0.70 to manage risk in case of a reversal.

Trade Momentum Indicators:

1. RSI: Likely near overbought; monitor for potential divergence.

2. MACD: Strong bullish crossover in the 4h timeframe.

3. Volume: Increased volume indicates sustained buying pressure.

Strategy: Buy near support levels ($0.74–$0.75) with trailing stop to lock in profits as targets are approached. Avoid overexposure; watch for market reversals.

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