đš Big Liquidation Alert! đš
$MOVE faced a short liquidation of $5,995.8 at the key level of $1.11924. This spike could trigger a significant move in either direction. Let's break it down and prepare for whatâs next!
Key Levels to Watch
1ïžâŁ Buy Zone: $1.0800 - $1.1200
This is a potential accumulation area where bulls might step in to regain control. Watch for confirmations like strong green candles or rising volume.
2ïžâŁ Target 1: $1.1800
A breakout from the current level could take us to this first resistance zone. Traders could look to take partial profits here.
3ïžâŁ Target 2: $1.2500
If the momentum stays strong, $1.2500 could be the next milestone. Stay alert for potential reversals.
4ïžâŁ Stop Loss: $1.0500
To manage your risk, consider placing a stop below this level. If $1.0500 breaks, it could signal bearish dominance.
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Market Sentiment & Strategy
đč Bullish Case: Buyers may capitalize on this liquidation to push prices higher, especially if the overall market sentiment remains strong.
đč Bearish Case: If the price struggles near $1.1200 and breaks below $1.0800, it might signal a deeper correction.
Keep an eye on volume. High volume near the buy zone may confirm a bullish reversal. Low volume might signal indecision.
This is not financial advice. Always do your research and trade responsibly!
Whatâs your plan for $MOVE ? Ready for the action? đ€
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