$MOVE /USDT Trading Signal – Testing Support, Breakout Potential on the Horizon!
Current Price: $1.0494
24h Change: -6.86%
Entry Zone:
$1.0400–$1.0600
Targets:
1. $1.0800 – Immediate resistance
2. $1.1000 – Breakout level
3. $1.1500 – Extended target
Stop Loss:
$1.0200
Market Observations:
$MOVE /USDT is testing support near $1.0213, showing signs of potential consolidation. The price retraced after hitting a high of $1.1540, but current levels may attract buyers looking for a rebound. A breakout above $1.0800 could confirm a recovery, with a strong push possibly targeting $1.1500 as momentum builds.
Trading volume and price action around $1.0500 will be key indicators to watch.
Trading Strategy:
Short-term traders: Monitor for a breakout above $1.0800 and secure partial profits at each target.
Mid-term traders: Hold positions for $1.1500 while managing risks with stop-loss adjustments.
Key Support and Resistance Levels:
Support: $1.0400
Resistance: $1.0800