$MOVE is trading at $0.8162, recovering from its recent lows of $0.7080. The price is attempting to break out from a consolidation phase, with immediate resistance at $0.8500 and support at $0.8000.
Trade Setup:
Long Setup:
Entry: Above $0.8500 (Breakout confirmation)
Stop Loss (SL): $0.8000
Take Profit 1 (TP1): $0.9000
Take Profit 2 (TP2): $0.9500
Short Setup:
Entry: Below $0.8000 (Breakdown confirmation)
Stop Loss (SL): $0.8300
Take Profit 1 (TP1): $0.7500
Take Profit 2 (TP2): $0.7000
Technical Outlook:
$MOVE is gaining upward momentum after bouncing from key support levels. A breakout above $0.8500 could trigger a bullish rally toward $0.9500, while failure to hold $0.8000 may indicate a bearish move toward $0.7000.
Traders are advised to wait for confirmation of direction with strong volume and set tight stop losses to manage risk effectively.