MOVEUSDT is displaying a strong bullish pennant, with the price nearing the breakout zone. The buy-back zone offers an ideal area for accumulation, but we should remain cautious, as pennants can occasionally lead to surprise breakdowns.
A prudent stop-loss strategy is essential to manage risk in case of a breakdown. Both bullish and bearish targets are outlined on the chart, though the primary focus is on the bullish pennant target, aligning with the prevailing market sentiment.
The setup provides a clear framework for trading with a bullish bias while maintaining disciplined risk management.