technical analysis and trade signal for the $MOVE /USDT pair:
Current Price: $1.01 (+4.01%)
Support Level: $0.9435
Resistance Level: $1.0391
Key Indicators:
24h Volume: 63.49M USDT, showing strong liquidity.
Depth: 5.53%, indicating substantial buy pressure in the market.
Recent Price Action: A bullish push of +4.01% over the past 24 hours, with the price moving upward toward the resistance at $1.0391 after bouncing off the support at $0.9435.
Trade Signal:
Buy Signal:
Entry Point: $1.02 (Just above the current price, confirming the continuation of the uptrend)
Target Levels 🎯:
1. Target 1: $1.05
Reason: Slightly above the current resistance, this level can act as the next short-term price target in the bullish trend.
2. Target 2: $1.08
Reason: A higher resistance point, marking a possible price extension after a strong bullish move.
3. Target 3: $1.12
Reason: The next significant resistance level, where the price could face a larger correction or consolidation after the uptrend.
Stop Loss:
Level: $0.94
Reason: If the price drops below this level, the bullish momentum could be reversed, signaling a deeper correction.
Trade Momentum:
The positive momentum (+4.01%) in the last 24 hours supports the uptrend.
Buy momentum is supported by higher liquidity (64.39M MOVE and 63.49M USDT in volume) and a depth of 5.53%, suggesting strong demand for the token.
The price is pushing towards the resistance level of $1.0391 and could break through if the buying pressure continues.
#CryptoReboundStrategy #BIOOpenonBinance #BitcoinTurns16 #BitcoinHashRateSurge