$MOVE /USDT Technical Analysis & Trade Signal: Watch for Reversal Opportunities 🎯
Current Price: $1.02
24h High: $1.1036 | 24h Low: $1.0082
Trend: Bearish short-term with oversold conditions
Key Support & Resistance Levels
Support:
First Support: $1.01
Second Support: $0.95
Third Support: $0.85
Resistance:
First Resistance: $1.05
Second Resistance: $1.08
Third Resistance: $1.10
Trade Signal: Time to Consider a Potential Reversal
Entry Zone: $1.02–$1.03 (bullish reversal zone due to oversold conditions)
Target Levels:
Target 1: $1.05 (short-term rebound)
Target 2: $1.08 (if upward momentum continues)
Target 3: $1.10 (breakout and further bullish momentum)
Stop Loss: Set below $1.00 to manage risk
Momentum Analysis: Cautiously Optimistic
RSI at 30: Oversold conditions indicate a potential rebound.
Bearish Momentum: A -2.57% drop in the last 24 hours suggests short-term weakness.
Strategy: Long Entry Opportunity
Enter at $1.02–$1.03 with targets at $1.05, $1.08, and $1.10.
Monitor closely for a break below $1.00 to adjust your strategy for further downside risk.
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