馃毃 Trading Signal for $MOVE /USDT 馃毃

Current Price: $0.7158

$MOVE /USDT has experienced a notable downtrend, hitting a low of $0.6845 after reaching a 24-hour high of $0.8826. The current Relative Strength Index (RSI) indicates an oversold region (RSI: 31.74), suggesting a potential reversal or consolidation near current levels.

Trading Plan:

Entry Price: $0.7150-$0.7200

Resistance Levels:

1. $0.7472

2. $0.8199

3. $0.8826

Support Levels:

1. $0.6845

2. $0.6700

Take-Profit Targets:

1. $0.7470

2. $0.8000

3. $0.8500

Stop-Loss: $0.6750

Cautionary Note:

Wait for confirmation of trend reversal before entering trades. Monitor RSI and volume to confirm momentum. If price drops below $0.6845, further downside risk may be present.

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