$MOVE Longs Liquidated!
A $1.14K long position on $MOVE was liquidated at $0.9727, indicating a shift toward bearish sentiment. The market failed to maintain upward momentum, putting pressure on long positions.
Market Insights:
Bearish Shift: The liquidation highlights weakening bullish support, suggesting the market may head lower.
Support Levels to Watch: Keep an eye on whether $MOVE can hold the next support level or face deeper declines.
MOVE Technical Breakdown:
Resistance Level: $1.00
Support Zone: $0.9600
Momentum: Bearish, with risks of further downside
Will move manage a reversal, or will it continue to slide below the support zone? Stay tuned for signs of stabilization!
