🚨 $MOVE {spot}(MOVEUSDT) /USDT ALERT: Consolidation After Sharp Drop! 🚨
MOVE is trading at $0.6312, down 10.05% in the last 24 hours. After reaching a high of $1.4100, the price has sharply retraced and is consolidating below the EMA(7) at $0.6596, reflecting indecision in the market.
Key Levels to Watch:
Resistance: $0.7150 — A breakout above this level could signal a recovery towards $0.90 or higher.
Support: $0.6100 — A breakdown below this level might lead to further declines, with potential targets at $0.50.
Trade Setup:
Long Entry: Above $0.6400, targeting $0.70 and $0.75.
Short Entry: Below $0.6100, targeting $0.58 and $0.50.
Stop Loss: Place stops below $0.6000 to minimize risks.
⚠️ Caution: MOVE has shown significant volatility. Watch for increased volume and clear price action before entering a trade.