$MOVE Current Setup: Bullish Momentum, But Weekly Trend Still Matters
$MOVE is showing strong short-term momentum after the recent volume expansion, with 1H and daily structure turning bullish and BTC providing supportive market alignment.
The important part: the weekly timeframe is still bearish. So I’m treating this as a bullish recovery leg inside a larger downtrend, not a confirmed macro reversal yet.
The key area now is the pullback zone around 0.01005–0.00972. If price sweeps this area and quickly reclaims it with a 15M/5M bullish engulfing candle, MSS or a higher low, that would provide a cleaner continuation setup.
A deeper reaction zone sits around 0.00944–0.00926.
Upside levels:
TP1: 0.010665
TP2: 0.011516
The recent OI expansion adds interest, but negative funding means positioning remains important. I would rather wait for confirmation than chase another vertical candle.
Invalidation: A confirmed close below 0.008963 would weaken the bullish structure and shift the setup bearish.
Flow: OI $2.5M (+28.5% 24H) | Funding -0.0856% | Taker 0.96x
Not investment advice. Educational report only....$MOVE
#MOVE #CryptoTrading #Altcoins #TechnicalAnalysis #BinanceSquare
$MOVE is showing strong short-term momentum after the recent volume expansion, with 1H and daily structure turning bullish and BTC providing supportive market alignment.
The important part: the weekly timeframe is still bearish. So I’m treating this as a bullish recovery leg inside a larger downtrend, not a confirmed macro reversal yet.
The key area now is the pullback zone around 0.01005–0.00972. If price sweeps this area and quickly reclaims it with a 15M/5M bullish engulfing candle, MSS or a higher low, that would provide a cleaner continuation setup.
A deeper reaction zone sits around 0.00944–0.00926.
Upside levels:
TP1: 0.010665
TP2: 0.011516
The recent OI expansion adds interest, but negative funding means positioning remains important. I would rather wait for confirmation than chase another vertical candle.
Invalidation: A confirmed close below 0.008963 would weaken the bullish structure and shift the setup bearish.
Flow: OI $2.5M (+28.5% 24H) | Funding -0.0856% | Taker 0.96x
Not investment advice. Educational report only....$MOVE
#MOVE #CryptoTrading #Altcoins #TechnicalAnalysis #BinanceSquare