MOVE short-term rebound followed by downward fluctuations! The bear market drama is about to unfold!
Although MOVE has recently experienced a slight rebound, this has not changed its overall weak trend. Now, the price is gradually entering a fluctuating range, market sentiment is low, and a continued decline in the short term is almost a foregone conclusion.
Currently, MOVE is in a typical consolidation phase and may face significant selling pressure in the short term. That rebound was just a breather for the bears, and the risk of further declines is relatively high. If the bears exert more force, MOVE may face a deeper retracement.
The downward risk cannot be ignored; can MOVE turn the tide?
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